Post-open Review… BIAS-UP.

Relentless post-open firming pierces overnight high.

The relentless overnight rally from 2915.50 had gotten to 2932.50. Its reaction down extended to 2921.00 before the open, and another 2 points lower post-open. It took several minutes, but a wide 5-point opening range resolved up.

And up. Overnight highs were just pierced by 1 ticks. The 2929.75 bias-up signal has triggered. And the 2936.50 bias-up target is in-play.

Stair-stepping higher out of the open’s range is a difficult pattern to reverse. At least, not before some sort of topping were to develop. Simply breaking lower would otherwise be likely to recover.

Meanwhile, recovering back up into 2930.00-2934.00 isn’t “half the battle” to recover, it is a separate battle. Exiting the bias environment above 2935.00-2936.00 would help to resume the post-open recovery into something more substantial.