Post-open Review… Holding up.

Gap up extends.

The overnight recovery up to this morning’s 2605.00 bias-up signal finally broke higher just before the open. The pre-open surge touched 2606.75. Dipping into and out of the open twice tested 2604.50 as support. Reactions up probed higher and higher.

The open was likely either to quickly decline — sooner than did yesterday’s similar setup — or else trigger bias-up. Holding positive territory made bias-up increasingly likely to trigger, which it did, now targeting 2610.00.

2610.00 has been attacked already to within 5 ticks at 2608.75. The target remains in-play so long as pullbacks now hold 2605.50 as support. Nothing requires the rally to persist after fulfilling 2610.00. Little prevents a deeper pullback before fulfilling 2610.00. But already reacting down from 2610.00 before this afternoon’s Senate tax development would be vulnerable to trending back down.