Post-open Review… Another round.

Overnight recovery extends, corrects again.

Having tested 2721.00-2723.25 overnight, recovering 2735.50 through the open would suggest the pullback was complete. And perhaps it is.

The overnight recovery actually extended up to 2746.25. An opening dip from there was likely, but also likely to recover from as low as 2733.00. Attacking it to within 2 ticks snapped back up 10 points to 2743.50.

That recovery didn’t hold, but 2735.50‘s recovery was maintained through the open. So, position of strength.

A position of strength is about context, and doesn’t dictate immediate direction. It certainly didn’t prevent triggering late bias-down under 2734.75. Or already fulfilling its 2727.25 bias-down target. The position of strength’s context should dictate that the test is absorbed and reversed back rally mode.

Not yet recovering keeps alive potential for retesting 2721.00, too. But back above 2736.50 would signal the post-open pullback AND overnight pullback were done, and that momentum is reversing up.