Post-open Review… Bias-up hangs in there.

Pre-open rally is extending.

There wasn’t much reaction down from 2056.75, where yesterday’s terrorist threat was announced. Dipping at the open to 2053.00 was recovered quickly to a fresh high at 2058.25. That was extended up to 2060.50.

The 2055.00 bias-up signal triggered. The grace period was avoided narrowly when a dip attacked 2055.00. That was in reaction to another terrorist threat headline. It is now recovering to 2059.50.

So, the 2061.50 bias-up target is in-play. Potentially, that will lead to testing 2068.00, too. If so, then timing will be interesting since a Fed speaker at noon and FOMC Minutes at 2:00 are still scheduled.

LATE NOTE: Despite exceeding the last buy signal at 2058.75 higher than its first 3 minutes, a spike down probed under 2058.75 by deeper than 6 ticks. This is a mechanical sell signal, suggesting that the selling pressure is overwhelming. I noticed a headline on one channel not (yet) repeated elsewhere which might be the dip’s catalyst. This is still a bias-up environment, but knee-jerk reactions can’t be prevented.

Actually, nothing can prevent a knee-jerk reaction to headlines, or a complete reversal triggered by another attack. Be sure to have a stop working always.