Post-open Review… Catching up.

Post-open rally attacking overnight highs.

Not just last night’s 2091.25 high was attacked. So was Sunday night’s 2091.50 gap up. All within 3 ticks of this morning’s 2091.75 bias-up target, which is a lot of resistance.

Even if we knew with 100% degree of certainty it would be exceeded, nothing prohibits an obligatory reaction down. In fact, a 4-1/2 point dip is attacking the 2086.00 bias-up signal to within 3 ticks.

Regardless, the burden of proof will be on sellers to retake control. Exiting the bias environment back under its 2086.00 bias-up signal would be a start. Actually, back under 2086.00 through 10:30 would invalidate 10:15’s signal already.

Otherwise, absorbing this reaction down would be likely to extend higher today, next targeting 2110.00.