Post-open Review… Anchored.

Gap up maintained, but not extended.

The overnight 10-point drop from fresh highs was already being retraced, when a pre-open surge ensured greeting the open above yesterday’s highs. The gap up to 2155.25 was extended 2 points. It didn’t extend higher, but neither was it rejected, not immediately. Maintaining the gap up above yesterday’s highs created an anchor.

Ultimately, dipping deep enough and for long enough failed to trigger bias-up. Having tested the bias-up signal, an offsetting test of the 2145.00 bias-down signal is in-play. Fresh lows after 10:15, already testing 2149.75, have confirmed

Gapping up could have extended higher. If not, then reversing down would be sponsored by weak hands, and therefore only temporary. Exiting the bias environment above the open’s 2157.25 high could invalidate the objective, but it would otherwise become “unfinished business below” if left outstanding.

Recovering back up to the open’s anchor could intervene before fulfilling the 2145.00 downside objective. Even if 2145.00 were met first, the reaction up could be very abrupt.