Post-open Review… Lower lows meet target.

Post-open surge reacts down sharply, tries to bottom.

The 2780.50 overnight low’s recovery to 2787.50 suddenly surged at the open, extending to 2792.50 as the opening 15 minutes of volatility lapsed. That was sufficient for reversing back under 2790.00 to trigger a sell signal, which quickly dipped back down to the 2784.25 bias-down target.

Then one of today’s volatility catalysts was heard from — the U.S. China trade negotiator. Reaction to the headlines triggered a collapse down to the decline’s next lower objective at 2777.00. Its 5-point bounce up to 2782.25 reacted back down to momentarily probe a fresh low at 2775.00. But that has been recovered to 2783.50.

Back under 2777.75 would get another chance to resume the decline. Exiting the bias environment under 2777.00 would put into play the next lower objective at 2754.00.