Post-open review… Early strength attracting weaker sponsorship.

Bias-up renewed, barely.

The open”s surge through yesterday afternoon”s 2090.00 bias environment high opened the door to rejecting the traction that yesterday afternoon”s sellers had gained. That immediately touched the preliminary 2093.50 level, and didn”t exceed it through 9:45, making the bias-up unlikely to be renewed.

It was renewed. Barely — 2090.00 is also this morning”s bias-up target, and the 10:15 bar exceeded it by an entire tick. But the renewed bias-up target at 2095.25 was quickly met, and quickly reacted down 7 points to 2088.25.

The only thing inhibiting a reversal down is that the bias signal tends to persist through the noon hour on Fridays. Having said that, back under 2090.00 (being probed now) could fill the gap back down to yesterday”s 2083.00 close, extend down to 2077.00, and retest yesterday”s 2070.25 low.

Otherwise, having dipped back under both bias-up targets, back above 2091.50 would suggest the dip had failed to gain traction. Higher highs would target 2101.50 and potentially 2109.50-2111.00.