Post-open Review… Held up.

Reacting down into and out of the open.

The overnight pullback from 2102.00 greeted the open at 2094.05 before extending deeper to 2089.00. That tested the 2089.75 bias-up target, which held, renewing the bias-up signal. The 2095.00 renewed bias-up target has been met. The next higher attraction would be 2099.50.

Potential for deeper backing-and0-filling down to 2088.00 may have been avoided. The reaction up has twice tested 2095.50. It’s similar to yesterday morning’s retest of its 2091.25 high — bad news blind-sided the attempt to extend the upleg.

This morning’s news is worse, a shooting in a Viernheim, Germany cinema complex. But its effect is similar, triggering a sudden 5-1/2 point plunge.

Meanwhile, the open avoided touching higher prior lows at 2097.00-2101.00. Therefore, its resistance is not rejected, despite having held an overnight test. Exiting the bias environment above 2095.50 would be likely to resume the rally. Under 2088.00 would start signaling a deeper detour.