Post-open Review… And higher.

Gap up, extending, and extending again.

Rallying 10-11 points out of Europe’s opens had tested 2728.25 before correcting down to 2724.75. That began a narrowing range which formed an Ascending Triangle. Greeting the open at its upper-end almost literally exploded higher.

Resistance at 2732.50-2733.25 pushed price back down to the pre-open Triangle’s 2728.25 upper-end in time to avoid renewing the bias-up signal. It’s still a bias-up environment, and fresh highs just attacked 2735.00.

Extending higher would next target 2737.00, and potentially 2743.50, on the way to the rally’s 2751.00 (revised) target and its room for noise up to 2757.00. Otherwise, RSIs haven’t reflected any enthusiasm, and back under 2730.25 would target 2726.25, potentially lower.