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Post-open Review… Still slow-rolling. – If, Then… Market Timing

Post-open Review… Still slow-rolling.

Gap down eventually slides.

The open gapped down to the 2171.50 bias-down signal. Fluctuating around it through the first 45 minutes invoked the grace period, just as that window was opening. Price was already sliding by 10:15. A negative knee-jerk reaction to EIA dug the knife deeper to help trigger late bias-down.

That reaction plunged to touch the 2166.00 bias-down signal. So far, it’s holding. Not reacting, but holding.

Oversold RSIs at the low would undermine a recovery attempt until retested. Back above 2170.00 would start to signal momentum reversing up, anyway, at least temporarily. But the likelier scenario is that the corrective bounce from Friday’s low has given way to a new downleg, targeting fresh lows.