Post-open review… The lid is on it.

Probing lower.

Yesterday afternoon”s buyers tried gaining traction by exiting the bias environment above the noon hour”s high. But new sponsorship wasn”t attracted, so they gained no traction for the effort. Attracting new sponsorship overnight would have gapped up today. No gap up = downside risk.

A lot of that risk materialized during the pre-open 7-1/2 point drop that touched this morning”s 2117.50 bias-down signal. Having expended so much selling pressure and touching support, the open bounced 4 points to touch yesterday”s 2121.75 close.

Reacting down since then has pierced the 2117.50 pre-open low. It”s too late to trigger bias-down, and too late to invalidate the no-bias. The 2117.50 bias-down signal should define the range”s lower-end, but that can be fulfilled by recovering up to it after probing it deeply.

In fact, room for noise below it down to 2115.50 is being attacked now to within 1 tick. It could be probed another 10 points. Meanwhile, unfinished business above is left outstanding, but buyers need to be attracted, presumably from lower levels.