Post-open review… Minutes late, pennies short.

Fast-evolving open quickly fulfills its parameters.

The open was greeted back at the 2084.00 overnight low. A couple of ticks deeper, actually. And soon — very, very soon — multiple points. The opening 15 minutes of volatility was testing 2077.75, down 16 points on the day.

A 3-point plunge to 2074.75 was recovered enough to test the 2080.50 bias-down target at 10:15. It was still being overlapped, so the bias-down target wasn”t renewed. Neither did it hold. Extending down any lower would target 2073.00, and it was tested down to 2071.00.

Now, a consolidation around 2073.00 has resolved down to within ticks of the next lower objective at 2067.25. And 2063.00 is below it. RSIs have improved on each lower low, so recovering 2073.00-2077.00 into the noon hour could disrupt the decline.

Today”s WedEX indicator is threatening to trigger actively bearish. This afternoon”s FOMC Minutes is a big enough catalyst that it”s possible to recover 2077.50 and possible qualify WedEX as passively bullish.

In fact, RSIs just diverged positively at 2068.25. Back above 2071.25 would signal momentum reversing up. The trend otherwise remains down.