Post-open Review… Sliding out of home.

Late dip extends well toward bias-down target.

The 1882.25 open dipped to 1879.00 but recovered the dip fully at 9:45. The burden of proof was on sellers, they tried, and they failed. That would be bullish if buyers had exploited it by reversing above the open, but they did not.

And sellers exploited that. Another dip fell to 1875.50. Reacting up to probed its bounce limit higher than its first 3 minutes. Not by much, not for long, and not without continually overlapping it. All of which sellers exploited by dipping again to 1872.50.

Late breaks reflect weak-handed sponsorship. They don’t prevent extending down, but that typically ends aggressively back to the upside. Coming within 3 ticks of the 1871.50 bias-down target instead of just 4 would have helped to suggest that sellers are done.

Nevertheless, back above the 1878.50 bias-down signal at 10:30 or 11:30 would trap shorts. Otherwise, the 1871.50 bias-down target remains in-play.