Post-open Review… Must dig deeper.

But how big of an interim bounce?

The choppy 2460.00-2465.00 pre-open range tried breaking higher at the open. That only stretched the rubber band to snap back down, from 2466.50 to 2459.50 during the opening 15 minutes. But only temporarily, as another bounce soon attacked 2468.00.

Ultimately, bias-down did trigger. The 2469.25 bias-down signal wasn’t even attacked until minutes ago, to within 1 tick. And that was the third  recovery effort, following two that failed during their timing window, so dooming this one to failure.

Back under 2465.50 would start to signal this third recovery effort was already reversing down. The likely consequence is to launch a new downleg — not just to retest the 2458.50 area down to 2455.75, but to break it on the way down to 2445.75.

Meanwhile, a bigger bounce could yet fill the gap back to yesterday’s 2472.00-2473.00 close. Extending higher into an actual recovery isn’t likely. So, extending higher into an actual recovery would be that much more powerful.