Post-open Review… Settle in.

No rally, slow drift.

The unchanged open at 2265.50 blipped-up to 2268.00 and pierced the overnight high momentarily. But then it went the way of all blips-up and blapped back down. Hard, attacking the 2263.50 overnight low to within 2 ticks. And now probing under it by 2 ticks.

Not already rallying or sliding at the open could have just ranged sideways through the morning (or longer). But not already rallying left the door open to sliding, and to attractions below at oversold RSIs from yesterday’s 2262.25 low. It could be probed to 2260.50, as RSIs haven’t even attacked oversold territory yet.

If selling were to get underway and not hold a test of 2260.50, then there’s deeper oversold RSIs requiring retests. But a rally isn’t likely today before late-afternoon, if at all.