Post-open Review… Sellers still fighting back.

Another failed opening surge.

The 2758.00 overnight high before Europe’s opens was attacked again overnight to within 1 tick. Opening at the 2754.75 bias-up signal was retraced back up to within 1 point of the overnight high. But, similar to Monday and Tuesday’s initial surges, the resolution was down.

Not rallying, but dipping during the open would have been constructive to extending the rally. Instead, sliding back under Monday-Tuesday’s highs to 2748.50 has triggered no-bias. An offsetting test of the 2743.75 bias-down signal is in-play.

The most bearish scenario would bounce again, filling the gap back up to this morning’s 2754.75 open before reversing down. Still bearish would be to exit the bias environment breaking under its 2743.75 bias-down signal. Exiting the bias environment above its 2754.75 bias-up signal would be “no-bias trending,” but still credible for probing a fresh high.