Post-open Review… No room, no time.

Post-open dip pushes rally into a corner.

The overnight drop to 2384.25 had retraced exactly 61.8 o% of yesterday’s recovery. That’s constructive, and in fact it reacted up 7 points to 2391.50 before the open.

Dipping into and out of the open tested 2386.75. And tested it, and retested it. The 2386.25 bias-down signal was never touched before triggering no-bias. So, an offsetting test of the bias-up signal is not in-play.

Breaking lower to 2384.75 before 10:30 was too late to trigger bias-down, but it did invalidate the no-bias. Back above 2387.50 would be credible for launching a rally back up to the 2391.50 pre-open high. The morning may simply maintain the range, but a fresh low back under 2384.25 would open the door to new lows for the week — and close the door to new highs.