Post-open Review… Rangebound and down.

Opening surge slingshots back down.

Rallying this morning had to begin immediately to be credible. And even then, immediately rallying would be vulnerable to failure. Reversing down did not require any particular timing.

Firming to open at the 2182.00 bias-up signal added 3 ticks quickly and then lost them quicker. The first half-hour only overlapped 2180.50, continually. But it finally broke lower, triggering no-bias.

An offsetting test of the 2174.25 bias-down signal has been fulfilled already. Probing it down to 2173.00 was recovered through 10:30 to avoid invalidating the no-bias. So, this is likely to morning’s low.

The open’s continual overlap of 2180.50 makes it a candidate for attracting price back up to it. Breaking under 2174.00 would make fresh lows likelier — “no-bias trending” if broken too early, and less able to extend down.