Post-open Review… Sentiment shifty.

Monday morning’s sentiment shift setup still playing-out.

SPECIAL NOTE: MY DEVELOPER IS TESTING INDIVIDUAL USER ACCOUNTS TO RESOLVE THE CHARTROOM LOGIN ISSUE. THIS MIGHT REQUIRE THAT YOU RE-SET YOUR PASSWORD, AGAIN… ONE WAY, OR ANOTHER, THIS ISSUE WILL BE RESOLVED BY TODAY’S CLOSE. THANK YOU FOR BEING PATIENT!

A Symmetrical Triangle had formed pre-open. The open was greeted at its 2162.00 upper-end. A 2-point blip-down was reversed immediately into a 2-point blip-up to 2164.00. That last blip was the Triangle’s 61.8% extension. And it held.

Even faster than the blip-up, fresh lows were being probed down to 2158.00  A bigger break lower has extended down to 2150.00.

The 2154.25 bias-down target had been probed, but was still being overlapped at 10:15 to avoid renewing the bias-down signal. That doesn’t change this being a bias-down environment. And the next lower objective would be 2147.00-2148.00.

Oversold RSIs at 2150.00 require its retest. They are higher oversolds, so an interim bounce retesting the 2154.25 bias-down target is possible. This morning’s trend meanwhile remains down.

Yesterday’s open had isolated the overnight probe of fresh highs, signaling a sentiment shift. “Unfinished business above” was left outstanding at the 2177.75 overnight high. Resolving downside attractions so quickly does make it difficult to attract substantial sponsorship. I’m not convinced this downturn is durable.