Post-open review… No man is an island. Neither are some islands.

Overnight rally leaves no buying pressure to defend the open.

The pre-open dip back down to 2071.00 wasted no time after the open extending down much deeper to 2063.00. Probing back into the potential Island Reversal pattern disqualified it. But that wasn”t proof of momentum reversing down, not yet. Just a growing likelihood.

Reacting up to 2069.25 was resolved down to a fresh low at 2061.50. Along the way, failing to recover the 2067.50 bias-up signal has put into play an offsetting test of the 2060.00 bias-down signal.

Post-open action came within 3 ticks of the 2073.00 bias-up target, which was probed considerably overnight. This creates potential for an offsetting test of the 2054.50 bias-down target, too. But not a requirement.

Fresh lows after 10:15 make it more difficult to invalidate the objective below. Exiting the bias environment at 11:30 back above its 2067.50 bias-up signal won”t suffice. So, this current bounce testing is likely to fail. Otherwise, exiting the bias environment above the open”s 2072.25 high can still invalidate the bias-down signal”s attraction.