Post-open Review… Anchor away.

Gap up above prior highs is maintained.

Extending yesterday’s late rally this morning was likely to begin immediately, if at all. The 2256.25 open shot up 5 points, and then another 3-1/2 points to touch 2263.75. That was the first 5 minutes.

So, resuming the rally did start immediately. Fulfilling the rally was pretty immediately, too. The balance of the first hour back-and-filled down to 2257.50. The 2259.50 bias-up target was exceeded through 10:15 to renew the bias-up signal, although its renewed bias-up target was already pierced at the high.

But the open’s range was maintained above prior highs. Above yesterday morning’s high, which was reversed upon testing “higher prior lows.” Above those higher prior lows. And above last Wednesday morning’s first consolidation of the open’s plunge.

This is an anchor. It doesn’t prevent reversing down, but does help to ensure a reversal’s complete eventual recovery. Another dip under 2258.50 would likely trigger that attempt to reverse down. Otherwise, a probe above 2273.00 is the ultimate objective.