Post-open Review… Sellers try to squeeze in another.

Extra dip is recovered.

Holding 2475.75 through the opening 15 minutes of volatility — preferably piercing only 3 ticks lower — was the optimal setup for rallying this morning. But opening at 2475.00 dipped to 2472.50, touching an inflection point there that would have opened the door to sharply lower levels.

The two paths seem very different. Except that the open’s deeper dip did recover back up to 2475.75 as the bias timing window approached.

The 2478.75 bias-up signal didn’t trigger. But its test has been put into play by holding a test of the 2472.75 bias-down signal. This morning’s most bullish scenario may be to work its way back up to yesterday’s high, positioned to rally higher when the bias environment’s constraint lapses.

Already, the reaction up is attacking 2478.00. Backing-and-filling is still possible while waiting for the bias environment to lapse. Rallying this afternoon could be very productive, targeting at least 2484.00. Otherwise, holding a test of the bias-up signal and reversing back under the opening print could trigger a new downleg.