Extreme Open

Market Context:

• We've seen a significant drop from around 5376 to 5350, a 26-point move.

• Such sharp moves during low-liquidity periods (like Sunday opens) often lead to mean reversion.

Potential Setup:

• Look for a consolidation or small range forming near the recent lows (5350-5352 area).

• This consolidation could indicate exhaustion of the initial selling pre…