Post-open Review… Satisfying sellers.

Probing under last week’s lows.

Retracing the overnight bounce to 2376.25 greeted the open under Thursday night and lows. The probe under Friday’s intraday lows would not be isolated to the overnight. An intraday test of 2368.50 became likely, making early-entry compelling.

The open did extend down quickly to touch 2368.50. Only 3-minute RSI became oversold before its reaction bounced up to test 2373.25. The 2375.00 bias-down signal was triggered easily.

2368.50 is being probed down to 2367.25. That wasn’t necessary, so its retest is likely to be probed down to 2364.00-2365.00.

Regardless, now that Friday’s low is being probed, there is potential for this morning to contain the pullback’s low. Not bottoming today would suggest a much deeper pullback underway.