Post-open Review… Getting back up.

Recovered dips suggesting higher rewards.

Optimism had been wrung from the market by fresh overnight lows down to 2696.25 ahead of the Employment Situation report. That better enabled a knee-jerk reaction up to 2709.25. All of which was still within the overnight range.

The reaction’s optimistic surge was also wrung out by dipping into and out of the open down through the first half-hour to 2699.00. Its reaction surged up to the 2711.00 bias-up signal in time to invoke the grace period.

Extending higher into 10:30 touched 2716.00, which easily triggered late bias-up. Extending higher post-10:15 also often improves the reliability of a late signal. It doesn’t prevent reacting down, such as now dipping back down to the 2711.00 bias-up signal.

The 2719.50 bias-up target is in-play. The lateness in finally breaking out has left behind a lot of congestion that will try attracting price back down, unless Friday Factors enable the morning’s trend to drift higher.