Post-open Review… Sticking.

Negative territory isn’t being rejected.

Pre-open lows had extended to within 3 ticks of this morning’s 2652.00 bias-down target. Bouncing to within 3 ticks of the 2666.00 bias-down signal was retraced almost entirely before the open. Another bounce spiked up to almost 2664.00 but also collapsed to fresh lows at 2647.00.

Hope still springs eternal. But the springs are briefer, with more immediate consequences.

Still, the 2652.00 bias-down target held through 10:15 to avoid renewing the bias-down signal. It was still being overlapped, and it was probed, but fresh post-open highs just tested 2666.00. Being the bias-down signal, it’s test should define the bias-down environment’s upper-end. In fact, its test has reacted down to 2659.25.

Reacting down any lower would start to signal the bounce is done. It’s being probed now. Resuming the decline should not be camouflaged — at least, the slope should become obvious upon breaking under 2555.00 lower prior highs. Otherwise, fresh post-open highs should be limited to filling the gap back up to yesterday’s ~2777.00 close.