Post-open Review… Rule #1a: Dig to the bottom.

Big level met and held through the open.

Rejecting the brief overnight rally had initially attacked this morning’s 2469.00 bias-down signal. Another break lower greeted the open at yesterday morning’s 2465.50 low. Consolidating there eventually broke lower to fulfill “unfinished business below” at 2463.50.

RSIs diverged positively on a retest of 2463.50 down to 2462.75. Reacting up through 10:15 avoided renewing the bias-down signal. But this is still a no-bias environment. Fresh lows can’t be dismissed, although they’re less likely. Recovering further this morning should be defined by the 2469.00 bias-down signal if it is tested.

2469.00 can be recovered without consequence when the morning bias environment begins lapsing. The afternoon’s bullish WedEX influence begins at the afternoon bias environment begins. So long as this morning’s lows aren’t broken, no other unfinished business below is currently preventing an afternoon uptrend.