Post-open Review… Anchor away.

Gap up maintained and recovered, but not yet resumed.

Firming into the open up to 2816.00 initially blipped-up to 2818.00. Any higher would have been compelling to buy, but its resistance held. The opening 15 minutes of volatility fluctuated at or above the opening print to create an anchor.

That anchor was soon called upon to attract price back up to it, from a sudden dip down to 2811.50. But its recovery didn’t resume the rally, and another drop tested the 2809.75 bias-up signal by 3 ticks.

The bias-up signal triggered late. And back above 2814.50 would indicate the 2819.75 overnight high’s retest is likely underway. The bias-up environment could include another detour down to 2808.00, and since the 2817.50 bias-up target was met already, under 2808.00 would be vulnerable to launching a deeper decline.