Post-open Review… Wallowing around.
Pre-open bounce resolves to fresh lows.
Bias-down triggered under 2422.25. Whether or not still being overlapped within moments of the 3-minute timing window around 10:15, the signal wasn’t invalidated at 10:30. The 2415.50 bias-down target is in-play.
Even with filling the gap back to Friday’s 2428.00 close to within 1 tick, post-open action has developed exclusively in negative territory. Before triggering bias-down, post-open action had probed the overnight low down to 2416.75.
Gap filled above, probe overnight lows, trigger bias-down, exclusively negative territory. None of which has prevented bouncing back up to 2425.25.
Just a detour? But the bias-down signal has one more chance to be invalidated. Exiting the bias environment at 11:30-noon back above this morning’s 2431.00 bias-up signal would invalidate the bias-down target. Otherwise, back under 2421.75 would resume the decline. The 2415.50 bias-down target’s test would likely include neutralizing oversold RSIs at Friday’s 2412.50 low.
