Post-open review… Holding up is holding out.

Gap up extends too slowly to be reliable.

Buyers gained on traction for their effort yesterday. So, gapping up and extending higher through the open was the only durable path up.

Tuesday”s gap up to yesterday afternoon”s 2117.50 high ranged sideways into the top of the hour. Breaking higher to 2120.25 can”t seem to get away from the first half hour”s range.

This action doesn”t qualify as extending higher.

A rally effort could still probe higher, but only temporarily. This morning”s 2121.00 bias-up signal was attacked to within 3 ticks, but not touched. And it”s too late to trigger, so its test is otherwise irrelevant. Exceeding it through 10:30 would invalidate that it had held, but this morning is otherwise noise.