Post-open review… Still tough to start trending down.

Weekend Wall of Worry.

Opening above 2096.00 wasn”t just the likeliest path higher. It was probably also the only path higher. At least, the only path to avoid fresh lows.

So, the open”s attack on 2096.00 was reversed down sharply to the 2086.25 pre-open low, and then to 2083.50.

That lower low also tested this morning”s 2084.00 bias-down target. And held it. A bounce limit was violated above 2088.25, and the 2089.25 bias-down signal was recovered. Its recovery tested 2096.00.

2096.00”s recovery is no longer the only path higher. Having tested both bias-down parameters, not triggering the 2089.25 bias-down signal has put into play tests of both bias-up parameters, 2098.50 and 2104.25.

Back under the 2089.25 bias-down signal at 10:30 would invalidate its 10:15 recovery. And oversold RSIs at the 2083.50 low would come back into play. Otherwise, sellers may be marginalized for the day.