Post-open Review… Not up.

Overnight probes retraced entirely pre-open.

Extending higher without delay had required gapping up and maintaining it through the opening 15 minutes of volatility, if not also extending higher. Overnight probes above yesterday’s 1927.25 high had teased at that potential.

But the open had dipped back to 1926.00. A blip-up stopped 1 tick short of even touching yesterday’s 1927.25 high. Then price began sliding back to 1920.00 — and lower, touching 1918.00.

Neither bias signal was touched post-open, so this is a no-bias environment without any requirement to test anything specific. Testing either bias signal would be likely to hold.

The bias-up signal was touched minute before the open. Touching it post-open would have put into play an offsetting test of the 1916.50 bias-down signal. That’s otherwise not necessary, but possible since we’re not looking for a recovery today.

Meanwhile, having held yet another reaction down to 1920.00, a bounce has potential to 1925.00 or to retest 1927.00.