Post-open Review… Sellers starting slowly.

Fresh lows hold support, already neutralize upside attraction.

Greeting the open essentially unchanged at 2200.00-2201.00 didn’t sit there still. A bounce quickly touched an inflection point at 2202.50. Any higher would have triggered a buy signal, but price quickly inflected down to fresh lows. Fresh lows barely touched the 2196.50 bias-down signal.

Price has since stair-stepped higher into a bigger bounce attacking the overnight highs. Holding a test of the bias-down signal through 10:15 put into play an offsetting test of the 2203.75 bias-up signal. It is now being probed by fresh post-open highs up to 2205.00. There’s another couple of ticks above it of room for noise.

Back under 2201.50 would signal that the bounce was only a temporary detour on the way to lower lows. Touching 2205.50 would raise the sell signal to 2203.00. Exiting the no-bias environment above its 2203.75 bias-up signal isn’t likely, and not likely to extend without at least retesting 2203.75 or 2000.00.