Weak-handed rally is retraced entirely back to yesterday's lows.

Yesterday afternoon's rally above 2046.00 to 2061.00 was retraced entirely this morning. Now yesterday morning's 2033.25 low has been retested. So much for yesterday's weak-handed rally, which didn't gain traction, while neutralizing the attraction above.

The morning's drop could have been accomplished by running out of weak-handed buyers. The afternoon's dip needs to be the product of some strong-handed sellers. But now extending the decline -- essentially, resuming the move underway at yesterday's lows -- requires all strong-handed sellers on board.

Notice that this afternoon's dip to 2032.75 originated during a no-bias environment. The 2041.25 bias-down signal should have defined the bias environment's low. Probing under it prematurely should recover to 2041.25, if not also to the 2045.00 1:20 print.

Having said that, there is an exception: Exiting the bias environment at 2:30 under its 2035.75 bias-down target would dismiss the origin's timing. And 2035.75 is being overlapped now, coming within 10-15 minutes of the bias environment lapsing.

Bouncing would still likely be limited to only a temporary corrective bounce that resolves down. But not bouncing would be likely to extend the decline into the close.