Post-open Review… Slow going.

Bullish setup formed, paused.

The probe under yesterday’s 2763.75 lows was isolated to the overnight. In fact, the 2768.75 open only reacted down to 2767.00, avoiding even a 61.8% retracement of the Double Bottom that had formed at yesterday’s lows. So, the Isolation setup is intact. Its resolution up rarely develops immediately, but it should meanwhile hold support.

Also, the 2768.25 bias-down signal avoided triggering. This puts into play an offsetting test of the 2778.50 bias-up signal.

Meanwhile, the open hasn’t resolved up. Not for lack of trying, having bounced to 2773.50. But  its 2772.75 inflection point was only overlapped, and now a reaction down is probing a couple of points under the 2768.25 bias-down signal. The dip’s goal is to find strong-handed buyers, and the pattern is otherwise likely to resolve up.