The inflow into Palisades is dropping fast and the Bureau of Reclamation has reduced the outflow from Palisades to 20,400. There will be another drop today of 1000 cfs. If we continue to see the inflow drop 1000 to 1500 cfs a day it is probable the Bureau will drop flows in the South fork and we will have very fishable flows week.
If you fish in the next couple of days I would continue to use nymphs below the drops. With each decrease in the flow there will be more holding water and the riffles will start to appear. I would also would not rule out trying a dry later in the day. The hatches have been steady through this high water so with the river coming into shape we should have the good fishing we have waiting for.