Overcome.

Fresh post-open lows swallowed by massive upleg.

My last update pointed out that testing the 2073.00 bias-up target so near the open had opened the door to an offsetting test of the 2054.50 bias-down target. That seems like a long, long time ago.

Filling the gap back down to yesterday”s 2061.50 cash session close had potential to launch a second corrective bounce. Corrective, on the way down to testing this morning”s 2060.00 bias-down signal, being the consequence for having failed to hold above the 2067.50 bias-up signal through 10:15.

This was some reaction. it rallied 12 points from 2061.50 to 2073.50. It might be more than a reaction.

Since there are fresh lows after 10:15, the attraction below can be invalidated by exiting the bias environment above the open”s 2072.25 high. The reward for absorbing and rejecting post-open sellers should be to fulfill what would have been the renewed bias-up target at 2080.50.

Entering the noon hour back under 2071.00 would suggest this morning”s lower objective was not invalidated, and that it remains intact. Otherwise, 2080.50 is in-play.