Post-open Review… Jumping out of quick sand.

Late surge holds test of its target.

A credible recovery would have been obviously underway much sooner, rather than later. Fluctuating in a wide 5-point range around the 2251.00 opening print, and yesterday’s 2252.00 cash session close, did not resolve during the opening 15 minutes of volatility.

And, then, suddenly… it did resolve. Up. Sharply and relentlessly, until piercing the 2264.00 bias-up target by 1 tick.

Consolidating since then down to 2258.75 missed two chances at a deeper retracement back to the 2256.75 bias-up signal. Now the 2264.00 bias-up target is being exceeded, despite it having held its test through 10:15 — which is perfectly acceptable since this remains a bias-up environment.

The next higher objective is 2270.00 so long as 2265.50 holds tests as support.. Yesterday’s 2272.50 high had stopped pessimistically short of touching Tuesday’s 2273.00 high, where somewhat overbought RSIs all but require a retest. So does yesterday’s 2243.00 low, eventually.