Post-open Review… Hurry up, and wait. Up there.

Overnight rally maintained through the open.

Extending the rally this morning still isn’t assured. Neither does the rally require it. The open provided 2-1/2 bullish factors that allow time to consolidate.

First, gapping up to 2293.00 was maintained above yesterday morning’s 2291.50 high. A dip tested it, and then recovered to a fresh high at 2295.00.

Second, that fresh high was a 9:45 test of Friday’s 2294.00 high. Impatient buying had not tested it before then. Not recovering it at 9:45 doesn’t have implications either way. This is actually worth only a 1/2, since exceeding 2294.00 or else not touching it at all would be cleaner.

Third, the 2291.25 bias-up signal triggered. Its 2296.75 bias-up target is in-play.

Less bullish is the 2295.00 opening high having come within 3 ticks of the 2295.25  bias obligation outstanding from yesterday. Its attraction above it is now neutralized.

There’s not yet any fresh post-open high since triggering the bias signal at 10:15. Until there is, the bias-signal can still be invalidated. A detour down to 2290.50 would threaten to prevent the higher attraction from becoming “unfinished business above.”