Post-open Review… Nice try.

Open fails to exploit its isolation.

Rallying this morning required the open to maintain its recovery back above yesterday’s 2563.50-2564.25 lows. Isolating the overnight lows, or not, would be likely to extend in that direction. That’s where the open was greeted, but post-open action stopped 1 point short of 2566.00, whose recovery through 9:45 was part of the bullish setup.

Reacting down through the first half-hour probed the overnight low down to 2559.25. The 10:15 bias timing window was within a few ticks of fulfilling the 2557.50 bias-down target. Oversold RSIs at 2556.00 require its retest, suggesting that a premature rally effort would fail.

The first hour has already touched 2566.00. And there’s room down to 2554.00 before even threatening to reverse the trend down. Back above 2560.25 would start to signal this morning’s sell-off being recovered, regardless of “unfinished business below” at the low’s oversold RSIs. Regardless, closing above 2562.00 would suggest that sellers are done.