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Post-open Review… Game on, or already over? – If, Then… Market Timing

Post-open Review… Game on, or already over?

Gap up extends, already meets target.

The 2184.75 opening print was not above prior intraday highs. Maintaining it through the open does not create an anchor that es_081516_amwould enable recovery, even if only to retest the open. Remember that.

Meanwhile, the gap up did exceed 2185.50 through 9:45. That made the 2184.00 bias-up signal likely to trigger at 10:15. Which it did. A test of the 2189.50 bias-up target is in-play. Oh, wait, it’s already met.

Reversing down would now leave no unfinished business above. That includes the open’s gap, which was not above all prior highs. I’ve been sharing the recent observation upside objectives are being fulfilled more and more quickly, What had taken weeks began taking days, and then timing windows. Today’s is a recent record.

Durable rallies “climb a wall of worry” thanks to strong-handed sponsorship. Weak-handed sponsorship aren’t so reliable. Like junkies, they require faster and faster gratification to keep them coming back.

2189.50 is still being overlapped, so not yet exceeded. The next higher attraction would be 2191.50. Back under 2186.75 would suggest upside momentum is lapsing. Back under 2184.50 would signal the trend reversing down.