Post-open Review… Waiting for reinforcements.

Optimistic open has yet to push higher.

A pre-open surge through 2569.00 had probed fresh overnight highs up to 2574.00, before greeting the open back down at 2569.00. A few post-open points lower reacted up to attack 2578.00.

2578.00 is a 61.8% retracement of yesterday’s high-to-low drop, and its resistance held. Now 2569.00 is being tested again as support.

All of which is taking place in a bias-up environment. Renewed. A reaction down has room down to the 2558.25 bias-up signal as support, but no requirement to test it. Back above 2574.50 could extend up to 2595.50, and still maintain the decline’s momentum.

RSIs don’t reflect any increase in buying pressure, so not actually trending up soon would become very vulnerable to unimpressed sellers pushing price back down.