Post-open Review… Holding up.

Modest gap up surges to fresh highs.

Gapping up to and/or through yesterday’s high was the minimum requirement to assume new sponsorship had arrived to extend yesterday’s rally. The 2094.25 opening print qualified.

Quickly exceeding the 2098.00 overnight high was less a requirement and more confirmation. Preferably 2099.50 would have been recovered by then, too. It was being tested, on the way up to 2102.00.

Overbought RSIs require the high’s retest. The 2103.25 bias-up target is in-play. A pullback to 2098.00 has reacted up to 2101.50 and can extend higher so long as 2098.75 continues holding as support.

A high-interest congressional hearing underway currently may be siphoning energy from the market and inhibiting trending. Trending in that situation is more difficult. By the same token, a knee-jerk reaction to other news would be likelier to retrace.

A deeper detour down to 2095.50 can’t be discounted. The 2097.00 bias-up signal should define the range’s lower-end if tested — probing under it should be brief and quickly reversed up.