Post-open Review… Waiting out a storm.

Hovering just above Friday’s lows.

Gapping down under Friday’s 1884.00 low was the minimum requirement to signal that the corrective rally had ended. Gapping down a little could have extended down post-open to suggest the same. But the open’s gap down has not extended.

Rallying immediately is not necessarily the alternative. Bias-down was triggered under 1982.00 at 10:15, putting into play a test of its 1885.75 bias-down target. Meeting it would still keep the door open to resuming the corrective rally.

Back above 1894.00 would suggest the bias-down is invalid, targeting at least a retest of Friday’s 1900.00-1902.00 highs. Meanwhile, fresh lows are likely, albeit only temporarily, before the corrective rally can resume.