Post-open Review… Slip, slip, spike.

Delayed reaction to weak pre and post-open action.

The overnight range held tests of the 2065.00 and 2074.00 bias signals. Greeting the open between them at 2068.00 didn’t offer any compelling entry setups. Not long, or short.

Then the open spiked down, to a fresh low at 2061.50. That was aggressive, and also brief. The next hour ranged choppily back up to 2066.00. That’s not much more predictive than the overnight range.

Still overlapping the 2065.00 bias-down signal at 10:15 invoked the grace period. Sellers exploited it by eventually trending down sharply to 2056.50, whose oversold RSIs require its retest.

So, this is a bias-down environment. Its 2059.25 bias-down signal has been fulfilled. Breaking under 2056.00 would likely extend to 2053.00 — possibly this morning so long as 2062.50 holds as resistance.

This morning’s action has no bearing on the afternoon’s bearish WedEX. Trending down relentlessly isn’t required, but the possible paths should be identifiable by noon.