Post-open Review… Burden of proof on sellers.

The rally has accomplished a lot.

A last-minute dip within 15 minutes of the cash session open touched the 2084.50 bias-up signal. Its reaction bounced to greet the open at fresh highs testing 2088.00. A consolidation was resolved by extending up to 2093.50.

The post-open consolidation contained a higher high and higher low to form trending. The opening 15 minutes trended up. Forming this setup on expiration is often predictive of the entire session. The 2092.00 bias-up target was exceeded (barely, in a reaction down from 2094.50) through 10:15 to renew the bias-up signal. And more than just probing Wednesday night’s 2089.25, it is being recovered through relevant timing windows.

The burden of proof is definitely on sellers.

Contradicting that is the bearish WedEX. It’s passive, triggered late, and only by default. So, its contradiction isn’t overwhelming. And RSIs that were overbought initially are now diverging negatively.

Back under 2091.00 would start to signal at least backing-and-filling, which could test yesterday’s “lower prior highs” around 2083.00 or lower. Otherwise, extending higher today remains possible.