Post-open Review… Walking it back.

Correcting Friday’s weak-handed upleg.

The origin of Friday afternoon’s rally leg had indicated that its sponsorship was weak-handed. That doesn’t prevent probing higher, but it does require its correction.

The minimum objective for a correction has been met, in the minimalist of ways. Potential to 2075.00 was attacked to within 1 tick.

The 2074.50 bias-down target has been met to within 3 ticks. It’s still an attraction, but won’t be considered “unfinished business” if never touched.

Meanwhile, the correction can extend down, whether to 2072.00, or to 2065.00 and potential also 2060.00. Exiting the bias environment back above its 2080.50 bias-down signal would suggest the correction had ended.

Late update: 2074.50 was just met. RSIs are diverging positively, but the corrective trend otherwise remains down.