Post-open Review… Isolation, indeed.

Pre-open surge ensures bullish resolution.

The overnight dip to 2705.50 had stopped short of touching Monday’s pivotal low to avoid putting into play any lower attraction. Already bouncing back into Tuesday’s range up to 2721.25 was creating potential for the probe under its lows being isolated to the overnight. And the Isolation setup’s reward would be to retest yesterday’s 2735.25 highs.

The isolation setup was almost rendered moot as price dipped back down to 2712.00. But a headline saved the setup by triggering an 18-point surge that retested the morning’s 2729.00 bias-up signal. Eking higher attacked yesterday’s 2735.25 highs, and then sliced through them after the open.

Natural resistance at Monday’s 2744.50 gap down is now being tested. Room for noise above it to 2746.75 could be tested, too. But back under 2739.00 would at least back-and-fill back down to 2729.00. A bearish scenario would break lower from there.