Post-open Review… Making a stand.

Renewed bias-down trying not to extend.

The overnight drop to 2737.25 had bounced to greet the open at this morning’s 2745.00 bias-down target. The bounce’s measurements suggested that post-open follow-through would test 2746.75 before resuming the overnight decline. Its touch reacted down immediately back under 2745.00.

The minimum objective was to probe the overnight low. And it was, quickly, pierced by 3 ticks down to 2736.50. But that was all.

Immediately reacting up has extended to recover the 2739.75 renewed bias-down target. The 2745.00 bias-down target was still being tested at 10:15 to avoid renewing the bias-down signal. Another point has been added to 2746.00.

Back under 2741.50 would signal the decline has resumed, if not signaled earlier. Currently, the only path higher must enter the noon hour back above 2750.00, and then maintain 2748.00 as support. Afternoon bias parameters will also be relevant.