Post-open Review… Cleared it.

One prior high exceeded, another being tested.

The 2428.00 open extended a couple of points above it, and then reversed to a couple of points below it. Pretty much all during the opening 15 minutes of volatility, and all fluctuating around yesterday afternoon’s 2427.50 last relative high.

Still testing 2427.50 at 9:45 doesn’t equate to rejecting it. It also doesn’t equate to its recovery, but that didn’t prevent extending higher to test yesterday afternoon’s 2431.50 bias environment high. Consolidating there ahead of the EIA report violated the pullback limit down to 2429.00.

The dip to 2429.00 proved to be a false break as EIA triggered a spike up in Crude Oil now almost within a nickel of its target, taking ES to the 2435.50 renewed bias-up target.

This morning’s signaled buying pressure is now fulfilled at 2435.50. Higher prior lows from yesterday morning’s bounce is being tested there. That’s also Monday’s early and late lows, and Friday’s cash session close. It’s a lot of resistance.

Exiting the bias environment back under 2431.50 would signal that this morning’s rally had peaked. Back under 2432.75 would start that leg. Otherwise, room for noise above 2435.50 to 2438.00 is possible — but not likely, and not healthy.