An Ascending Triangle formed from

An Ascending Triangle formed from the pre-open low touching the 2095.25 bias-down target. It broke higher to within 1 tick of yesterday”s 2102.75 cash session close. That”s a lot of near-term buying pressure to expend into the open without correcting it. This makes the open an inflection point that either extends higher without delay, or else reverses back down.

There”s room down to 2098-2099 during the opening 15 minutes before assuming the Triangle”s break higher was false, and that it”s being reversed down to 2090. So, I would consider buying 2098-2099, if not covering a short into it, or covering a short that bounces too high after testing it.

As for bouncing first, there”s room up to 2095 before the open”s inflection is confirmed to be durable, and not just temporary. So, I”m probably not chasing opening strength.

Here”s the pre-market Tour recording:
https://roddavid10.mitel-nhwc.com/join/wzcjmfs