Post-open Review… Sellers not marginalized.

Overnight gains retraced entirely.

Already backing-off from attacking 2391.00 ahead of four econ reports at 8:30, their reaction spiked down to attack 2386.00. That tested overnight “lower prior highs” and stopped optimistically short of touching yesterday’s late 2386.00 high.

Barely piercing 2386.00 at the open wasn’t any less optimistic. So, bouncing to the 2388.00 bias-up signal resolved down. And down, to 2381.25, triggering no-bias.

Actually, 2388.00 was on a buy signal above 2385.25 with potential to test the 2388.00 bias-up signal. That could extend higher after the no-bias environment constraint lapses.

Testing 2388.00 wouldn’t be surprising, but it’s only getting a small benefit of the doubt. Back under 2383.50 — which I’ll raise if the bounce extends higher — would resume the decline with potential to probe yesterday’s low.