Post-open Review… Better late than never.

Taking long to break resistance. Again.

The overnight rally was still going at it before the open. The 2347.25 bias-up target, which is also the objective left outstanding yesterday, was attacked to within 3 ticks. One last pullback to 2343.75 surged 4 points to touch 2347.25 during the open’s first minutes.

Its reaction down exited the opening 15 minutes of volatility while still overlapping yesterday’s 2345.00 high. Only maintaining the gap up doesn’t qualify as extending it. Not extending meant sponsorship was having difficulty attracting reinforcements.

That didn’t prevent a 5-point surge to 2349.25. But it undermined it. The 2347.25 bias-up target was still being overlapped at 10:15 to avoid renewing the bias-up signal. Now a pullback limit has been violated during a pullback to 2344.50.

The renewed target would have been 2352.00. It still could be met, since this is still a bias-up environment. Its test isn’t in-play, but would be signaled back above 2347.25. Meanwhile, back under 2344.25 would start to signal that this buying has only stretched the rubber band to be snapped back down.