Post-open Review… Up-ending.

Quick rally retests the high.

If the gap up were going to extend, it was going to extend quickly. That was the Market Tour’s expectation, and the reason for being inclined to get long early. In fact, gapping up above 2392.00 extended immediately and relentlessly until touching last week’s 2400.00 high.

Hesitation at 2400.00 is probably only obligatory. Although 1-minute RSI is diverging negatively, 3-minute RSI is persistently overbought, which often produces at least one more fresh high print.

That’s one more fresh high print for this leg, but probably not ultimately. The prior high’s retest should visit 2405.00, and probably also 2415.00 to compensate for the delay.

A new high close remains outstanding as ‘unfinished business above.” Even the open’s relentless surge doesn’t ensure closing higher today, so we’ll continue monitoring for a possible short-entry.