Post-open review… Rejecting the rejection.
Gap down to support seems comfortable there.
The pre-open test of this morning”s 2090.00 bias-down target was recovered to open at the 2095.00 bias-down signal.
Recovering 2097.00 through 9:45 would have made bias-down unlikely to trigger at 10:15. But 2097.00 wasn”t recovered — or, at best, was still being overlapped. In the same vein, bias-down was still being tested at 10:15 to invoke the grace period, which did trigger late bias-down.
At least, bearish enough to inhibit recovering this morning. But the drop”s sponsorship is still weak-handed. Bias-down triggered late, so its 2090.00 target need not be met. But having tested its target already overnight, testing it again would likely visit 2088.00.
Not extending the gap down for an hour isn”t bullish for having delayed lower lows, it”s bearish for having ranged around support so long without attracting buyers. So, the nearest buy signal is above 2097.00 or higher — I would be skeptical of any rally effort prior to probing some fresh low. (And 2097.00 is being attacked right now)
