Post-open Review… Retracing the overnight dip.

Post-open congestion breaks lower.

Already recovering 13-1/2 points to touch 1938.00 before the open was unable to extend any higher. Opening at or around this morning’s 1933.00 bias-down signal ranged choppily there through the first half hour.

Then it broke lower. The 1927.25 bias-down target was being tested at 10:15. But not exceeded. It’s still a bias-down environment, but it should be noted that holding a test of the target is often a bottom.

Oversold RSIs at he low require its eventual retest. Nothing requires that retest to hold as support. Regardless, the bullish scenario would likely exit the morning’s bias environment already in rally mode. Its reward would be to probe above yesterday’s highs.

The 1924.50 overnight low can be tested, or even probed, without yet reversing the trend down. Indeed, post-open overlapping of yesterday’s range makes a durable downleg unlikely at this stage.