Post-open review

Up, up and a weight.

The 2039.00 open didn”t hesitate surging to the 2043.00 pre-open high and extending sharply higher to 2051.25. Bias-up was triggered, renewed, and doubly-renewed. The next higher target in-play is 2053.00.

And having maintained a gap up above yesterday afternoon”s high, this is a “session-long rally.” Each timing window except one (usually the noon hour) should probe above its prior timing window.

Which is all pretty bullish. So bullish, that it risks coming full-circle and inverting to become bearish.

A lot of buying pressure was expended already through the open. Not exceeding it during this morning”s bias environment would start to suggest it had borrowed all future buying pressure. And that would leave none available to extend higher, or to defend against momentum reversing down.

If not for the session-long rally signal, we would be forecasting a reversal down. Instead, we”re just monitoring for it.