Post-open Review… No anchor.

Overnight rally attracts no reinforcements.

The overnight rally from 2557.75 finally extended up to 2562.25 before the open. The late lift-off and the pre-open channle incurred a warning that post-open action could reverse sentiment.

In fact, the open was greeted 3 ticks under the pre-open high, and the opening 15 minutes fell back to 2559.50. Extending higher through the open’s window would have formed an anchor to at least ensure recovery. Not here. Instead, the reaction down extended lower to test this morning’s 2557.75 bias-up signal by 2 ticks. It held in time to trigger late bias-up.

The 2563.75 bias-up target is in-play. Back above 2559.75 would start to signal momentum reversing up. Meanwhile, the 2557.75 bias-up signal shoul’s test should define the morning window’s lower-end. Breaking under it after 11:30 would be credible for extending down.