Post-open Review… Hanging on for dear life.

Pre-open pullback holds, but not yet reversed.

Like the iconic 1980’s poster, this morning’s post-open action seems to be trying not to let go after climbing up to a high limb.

The pre-open pullback from 1964.25 had touched this morning’s 1956.25 bias-up signal as support. A post-open blip-down extended 2 more points momentarily. But that was recovered to the 1962.75 bias-up target. Which held.

Its reaction down threatened the bias-up signal but bias-up triggered. So, this is a bias-up environment whose target has been met.

Exceeding the 1962.75 bias-up target through 10:30 would have renewed the bias-up signal. It’s too late for that, and already having touched the bias-up target, the balance of the morning usually only ranges sideways.

Usually. Usually, the balance of the morning isn’t potentially influenced by an aggressively bullish WedEX. So, I won’t be considering a sell signal, and until disproved, I’ll assume the rally is extending higher before noon.