Post-open Review… Gap up maintained.

And briefly extended. But not uptrending.

The 2433.50 overnight high had reacted down pre-open to within 1 tick of this morning’s 2429.25 bias-up signal. The pullback was retraced entirely into and out of the open. It soon extended to 2436.00. And just as soon retraced the extension.

This creates an anchor. In case of a reversal down, the context ensures its complete recovery. And a reversal down remains possible, because the extension wasn’t maintained. The reversal down would become much less likely if the bias environment continues fluctuating around the 2433.50 — especially if it has already begun extending higher.

Higher highs were next target 2438.00, and then a retest of Friday morning’s 2443.50 high up to 2445.00. Otherwise, back under 2430.50 would initially target a test of yesterday’s “lower prior highs” at 2425.25 and lower.