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Post-open Review… It just gets better. – If, Then… Market Timing

Post-open Review… It just gets better.

Post-open surge takes the last leg up.

The pre-open surge to 2063.75 tested a two-week old pivotal high that had to be exceeded if touched post-open. That was ensured by surging from the 2061.00 open to 2066.00.

Eking higher has now attacked 2069.00, the two-week old actual high. The resolution to its test is less relevant at this stage. But the pattern has been to stop pessimistically short of resistance before a corrective dip launches a new upleg.

A corrective dip back under 2066.00 could end at 2064.00 or 2061.50 — still well into positive territory and above the open. Much lower would have room to the 2055.00 area, as more of the corrective dip, without reversing the trend down.