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Post-open Review… Isolating sellers. – If, Then… Market Timing

Post-open Review… Isolating sellers.

Complete recovery holds up.

The overnight dip to 2575.50 had recovered to touch Friday’s 2582.75 futures close. The open’s surge soon extended higher to Friday’s 2585.00 cash session close. Also being tested was the 2585.50 bias-up signal’s resistance, and it was meanwhile holding. Lackluster momentum kept the post-open rally vulnerable to reversing down.

But sellers never exploited the hesitation — neither the open’s hesitation, nor the bias signal’s grace period. Another surge broke higher to trigger late bias-up, and now its 2590.50 bias-up target is in-play.

All of which is new highs. And none of must be maintained through the close. A new high close would fulfill the outstanding requirement, but that doesn’t prevent a downdraft. Nevertheless, the rally’s momentum remains intact.