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Post-open Review… Sentiment stands. – If, Then… Market Timing

Post-open Review… Sentiment stands.

Overnight slide extends to fresh lows.

The open was greeted at the 2085.00 bias-down target. Blipping-up to 2086.50 created a slingshot effect that plunged to fresh lows at 2077.50. And that is now probing lower to 2076.75.

2076.75 is within 3 ticks of what is essentially the 2076.00 renewed bias-down target. Both 1-minute and 3-minute RSIs diverged positively at the low.

Back above 2080.75 would signal at least a corrective bounce up to the 2085.00 bias-down target. Meanwhile, the trend may extend next down to 2071.00.