Post-open Review… LATE BIAS-UP.

Up in the absence of down.

The 2939.00 earlier Globex low had been threatened overnight by 5 ticks. But the 2942.00 open wasn’t threatening it, at all. Breaking under 2939.00 through the open was necessary for the Globex-flip setup.

If the setup wasn’t even threatened at the open, then it couldn’t be rejected. Its consequence couldn’t be as bullish as it would have been bearish. So, Globex-flip is irrelevant this morning.

That doesn’t prevent rallying anyway. So long as sellers weren’t retaking control, there was an attraction to higher highs. They didn’t require a retest, but that didn’t prevent rallying anyway, either.

The open surged to fresh highs attacking 2948.00. Reacting down to 2941.00 didn’t prevent triggering late bias-up above 2944.50. Now 2948.00 is being attacked again, as the 2950.50 bias-up target is in-play.