Post-open Review… Held up.

Another post-open slide recovered.

Yesterday’s open was attacking the overnight highs and immediately began backing-and-filling. Its dip held support (a late-morning offsetting test of its bias-down signal) and recovered through the afternoon.

Today’s open was also attacking its overnight highs and also immediately began backing-and-filling. Its dip has already held support (the first half-hour’s touch of the  2875.50 bias-up signal), and also already recovered to and through overnight highs.

The open had touched the rally’s next higher objective at 2885.00, but 2779.00 had maintained its recovery through 9:45 to make the bias-up signal likely to be triggered a half-hour later. Triggering bias-up put into play its 2882.25 bias-up target, regardless of having been tested already post-open. Also likely was a retest of the 2886.25 overnight high’s “new Globex trend extreme.”

All of which is being probed up to 2889.00. Its too late to trigger the renewed bias-up signal targeting 2902.00. But exiting the bias environment above 2885.00 would likely target it, anyway. Not maintaining the probe above 2885.00 would not put into play 2902.00, and could start more backing-and-filling.