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Post-open review… Not exactly slowing. – If, Then… Market Timing

Post-open review… Not exactly slowing.

Opening plunge makes new lows likely.

The 2064.00 open extended the pre-open pullback a little deeper to 2058.50. Its reaction up resolved down a little deeper, too. Long story short, the drop accelerated and eventually touched 2046.50.

That”s reacting up pretty aggressively to 2052.75. Oversold RSIs at the low require its eventual retest. back under 2049.00 would signal that retest underway, if not also resuming the decline targeting 2035.00.

Meanwhile, back above 2054.00 would target 2059.75. Much higher than that would become likely also to test Friday”s 2062.50 “higher prior lows.” A post-open bounce already tested 2062.50 and resolved down, so any indication of its retest would suggest a bigger move underway targeting a probe above 2067.25.