Post-open Review… Easy does it.

Gap up eventually extends through overnight highs.

Pre-open action had pulled back to 2138.50, apparently eking out a last bit of selling pressure. Post-open action quickly firmed back up to test the 2141.50 bias-up target.

Not quickly resolving down aggressively was already unlikely to extend down later. Just as importantly, not quickly rallying aggressively was likely to have reserved its buying pressure, so that last Thursday’s 2144.50 high could be exceeded.

And 2144.50 was exceeded. A 5-point surge started after exiting the first 15 minutes of volatility, momentarily touching 2146.75. Retesting 2144.50 essentially fulfills the renewed bias-up target. But retesting 2144.50 so slowly also makes the next higher objective likely, too.

That next higher objective begins at last Thursday’s 2149.00 “lower prior highs” up to 2150.50 and slightly higher. Avoid violating a pullback — currently testing one at 2145.00 — and the rally is likely to persist through the morning. Back under 2141.25 would signal momentum reversing down.