Post-open Review… Paradigm unshifted.

Upside rejected again.

Despite probing yesterday’s highs up to 2798.00 overnight, Wednesday’s 2786.00 cash session close was reversed before the open. As was the 2784.50 earlier Globex low, and both were maintained through Thursday’s opening 15 minutes of volatility. Both the Isolation and Globex-flip setups have formed.

The former setup carries substantially lower objectives, potentially 2730.00 and 2681.00. The latter setup influences this morning’s direction, and then also tomorrow morning’s direction if the afternoon doesn’t bounce.

Bias-down triggered, but wasn’t renewed because the 2772.25 bias-down target was still being touched at 10:15. The 2769.00 pre-10:15 low has also held, but its break would have potential to the 2753.00 61.8% retracement back into last Thursday-Friday’s gap.

One more point of interest, regardless of the potential downside objectives… Gapping down and exiting the open back under 2776.00-2777.00 continues to hold the door open for still forming a topping pattern. Recovering through the close would likely shut that door.