Post-open Review… Sellers got this.

Post-open buying efforts meet bigger selling.

The open immediately probed 6 ticks under the pre-open low to 2131.25. That was the first 5 minutes, and it seemed pretty productive. But that was nothing. The next 5 minutes reacted up 8 points to touch 2139.00. Still bigger was yet to come.

The first half-hour ended by sliding 14 points to test 2125.00. And the decline has since extended to 2117.50.

The bias environment is being exited in a downtrend. The objectives are to retest yesterday’s post-open and overnight lows. And for having maintained the overnight downtrend, the decline is as vulnerable as possible to become uglier than Friday’s relentless intraday slide.

Recovering 2134.00 through the close could be the only credible invalidation to otherwise resuming Friday’s plunge with a vengeance.