Post-open Review… Sellers step in after buyers fear to tread.

Ranging and ranging and ranging around the gap down finally breaks.

The bias timing window through 10:15 ranged choppily around the opening print. The bias-down target was triggered grudgingly, and it was met barely. That late dip could have served as a rubber band to snap back up. But a bounce attacked 2157.50 and is now reacting down sharply to attack 2151.00.

It was a late bias-down, and the same leg that invoked the grace period also attacked the 2151.75 bias-down target to within 3 ticks. It didn’t require being met, but now it has been probed.

The market still risks a deeper pullback since resuming the rally has been delayed. And this being a Friday, the morning’s late bias-down can persist through the noon hour. Its minimum target is met, twice, so a recovery is still possible. But it wouldn’t be signaled from under 2157.50.