Post-open Review… The old college tries.

Post-open probes under support recover.

The overnight drop had attacked 1913.00 to within 3 ticks. Bouncing into and out of the open tested the 1922.00 bias-down signal as resistance.

So, the gap down had avoided 1913.00. The opening 15 minutes of volatility had held two tests of Friday afternoon’s bias environment low. A durable reversal down wasn’t credible.

But fresh lows remained possible if buyers weren’t regaining control. And buyers weren’t regaining control.

Several econ reports helped that bounce resolve down to fresh lows testing 1913.00. Another bounce tested the post-open high and the 1922.00 bias-down signal, which held again.

Triggering late bias-down, whose target has been met, only requires the morning’s upper-end to be defined by the 1922.00 bias-down signal. Meanwhile, attacking or probing the lows is possible down to 1914.00 or 1911.50, but not required.