Post-open Review… One window’s floor is another window’s ceiling.

Overnight lows broken easily through the open.

The last pre-open bounce had retraced overnight highs by 61.8% to test 2649.25. A head & shoulders pattern formed that was already resolving down to open back at the 2641.25 overnight lows.

Not isolating the overnight probe made 2635.00-2638.00 likely to be tested next. Post-open action trended down into it, bounced to touch the 2642.75 bias-down signal, and then probed under the range to 2634.00.

The 2635.25 bias-down target was not exceeded through the 10:15 bias timing window, so the bias-down signal was not renewed. But it is still a bias-down environment, vulnerable to extending. Usually it doesn’t extend when the bias target’s test has held. Today is extending — at least, probing lower — to 2630.50.

Exiting the bias environment under its 2635.25 bias-down target would suggest the next lower objective is in-play at 2623.00. Having probed fresh lows after 10:30, exiting bias environment back above its bias-down target would suggest that sellers are done.