Post-open review… Tough crowd.

Pre-open slide becomes post-open plunge.

We knew that yesterday afternoon”s buyers had failed to gain traction. Bouncing and rallying overnight would likely be retraced either to unchanged around 2062.00, or to 2053.25 within the structure at yesterday”s low.

Small thinking. The opening 15 minutes tested 2055.00. A shallow consolidation there had an opportunity to reverse up, but simultaneously oversold 1-minute and 3-minute RSIs inhibited a recovery while the low required a retest.

Then 2053.25 was tested. By a leg that extended to 2046.25. Renewing the bias-down signal under its 2050.50 target essentially put into play 2040.25.

Still small thinking. Selling resumed and accelerated again into 2037.25. RSIs were again simultaneously oversold. A bounce from there just touched 2046.00. Retesting the low could form a durable bottom if already in recovery mode at 11:30, or if the retest were delayed until then.

Otherwise, exiting the bias environment under 2040.25. would start to suggest a much more substantial decline underway.