Post-open Review…

Brief opening dip recovers to fresh highs.

Fresh highs were a formality. The only question to be answered by the open was whether its delay would last the morning, or last at all. Ultimately, a post-open dip tested the 2020.50 bias-down signal by 1 point before reversing back up to and through Sunday night’s prior highs at 2028.75.

An offsetting test of the 2031.00 bias-up signal is in-play. That’s essentially the highest room for noise above prior highs.

Meanwhile, prior highs are natural resistance. Just piercing them is still overlapping them. An interim pullback to the 2023.00 area can’t be discounted. And a pullback under the 2023.00 area can’t be reliable for recovering.

[Here’s the XP-friendly chaRTroom link if you didn’t receive it earlier.]