Post-open Review… Sellers staying around.

Volatile open chips away at fresh lows.

As late as the 2650.00 overnight low was being attacked to within 2 points, its eventual probe was likely. Immediately probing it by 1 point snapped back up 11 points almost as quickly. But that was retraced to fresh lows, whose reaction struggled for too long to attract reinforcements, and now has also fallen to fresh lows at 2637.75.

Prior lows at 2626.00 are the next lower attraction whose test can also provide some support for a bounce. As grudgingly as the open has finally resolved down, I’m not relying on much support there before extending down to at least attack October’s 2603.00 low.

Bouncing anyway — prior to 2626.00 or from below it — won’t be credible for reversing the trend up, no initially until forming some sort of basing or accumulative pattern.