Post-open Review… It’s the level.

Retest of prior high finds sellers again.

The overnight rally up to 2822.00 was recovering a corrective dip during the Market Tour recording. The recovery extended to retest yesterday’s 2825.00 pre-open high up to 2826.00. Hovering there briefly like yesterday’s test soon resolved down sharply, like yesterday’s test.

Unlike yesterday, the pre-open collapse to 2815.50 was recovered to greet the open back at or above the 2818.75 bias-up signal. Which extended back up to 2825.00, within 1 tick of this morning’s bias-up target.

Reacting back down again probed under the 2818.75 bias-up signal, in time to invoke grace period. It triggered late. This is a bias-up environment, targeting 2825.25.

Back under 2818.00 again would be likely at least to fill the gap back down to yesterday’s 2814.00 cash session close equivalent. Meanwhile, resuming the rally to test the bias-up target would be likely also to extend up to the 2831.00 area. But the upside probably depends upon rallying this morning, and not delaying a recovery much longer.