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Post-open Review… Entrenched optimism. – If, Then… Market Timing

Post-open Review… Entrenched optimism.

Post-open surge creates safety buffer.

Pulling back pre-open several points under 2032.00-2033.00 resistance was reversed back up immediately to attack 2038.00. That was the only way to extend the gap up in this pattern. Ultimately the next higher objective at 2040.00 was tested up to my highest calculable resistance at 2041.50. Its reaction down has touched 2034.50.

There is no requirement to trend any higher than the 2040.00 test. Overbought RSIs at the high require a retest, but its current reaction down can extend to 2032.00-2033.00 first.