Post-open Review… Catching on.

Post-open action trends up.

Gapping up to 2062.25 quickly extended to 2065.50 and threatened to be too optimistic to be maintained. But an equally quick reaction down to 2062.25 corrected at least 61.8% of the open’s surge.

That hesitation was critical according to my description during the pre-market Tour. Probing fresh highs as the opening 15 minutes of volatility were lapsing was extended back to the 2069.25 overnight high. Reacting down to 2065.50 has been retraced back to the high.

Exceeding the 2063.25 bias-up target through 10:15 has renewed the bias-up signal. Its 2068.00 renewed bias-up target is met already, and not exceeded in time to doubly renew the bias-up signal.

Despite not doubly renewing the bias-up, extending higher would next target 2071.00-2072.00. Back under 2066.50 would target 2063.75. Extending higher gets a benefit of the doubt, and the consequence to reversing down is no longer as bearish. But this afternoon’s action should extend the rally if a reversal is going to be avoided.