Post-open Review… Chin up.

Pre-open new high extends post-open.

Maybe “extend” is too generous. Flat-to-higher seems to be more appropriate lately. Anyway, the overnight 2-point range broke a couple of points higher two hours before the open. Its 2539.75 high reacted down enough to overlap yesterday’s 2538.00 high at the open.

That was extended up to 2541.00, 2 ticks short of the 2541.50 attraction. Coming to within 2-3 ticks prevents it from becoming “unfinished business above” if left outstanding. It has been attacked twice, so ought to be touched regardless.

Meanwhile, 1-minute RSI is barely attacking overbought territory. Back under 2537.75 would signal momentum already reversing down. The trend otherwise remains up, but no less vulnerable to peaking.

PROGRAMMING NOTE: I am unavailable during the final hour today. Market Wrap will be recorded and emailed tonight, along with tomorrow morning’s bias parameters.