Post-open Review… Everything old is renewed again.

Gap up extends.

The overnight recovery back up to yesterday’s 2936.00 highs had formed an Ascending Triangle. It began breaking higher before the open, fluctuating narrowly around the 2939.25 bias-up target. Post-open action fluctuated a little more widely around 2939.25, but ultimately resolved up to 2944.75.

That’s within 2 ticks of the renewed bias-up target, essentially neutralizing it. However, it’s still a structural attraction from the high session’s gap up. And being within its orbit makes its actual test likely.

That may have to wait, as a reaction down is attacking 2938.00 as support. Any lower would target 2933.25-2934.00. Meanwhile, back above the 2942.00 area should resume the rally, now targeting 2947.50-2950.00.