Post-open Review… Late is the new timely.

Delayed recovery of resistance nevertheless extends higher.

Recovering (or not) 1943.00 through the open could have been predictive of the morning. It was tested and probed pre-open. The open pierced it only momentarily. And then a reaction down tested 1938.50.

And retested it. Meanwhile, 1943.00 wasn’t recovered through the open. But was testing and retesting 1938.50 a sufficient offset?

We discussed that question in the chaRTroom while leaving the door open to a buy signal. It triggered above 1943.75. Bias-up triggered easily, and despite holding the 1946.00 bias-up target’s test through 10:15, a surge just touched yesterday morning’s 1956.00 high.

Reversing down from here would leave no “unfinished business above” to prevent extending a downleg. Reversing down from here would be signaled by exiting the morning’s bias environment back under its 1946.00 bias-up target.

Meanwhile, a pullback has room down to 1951.00. Not reversing down would be likely to accomplish what yesterday morning’s late weak-handed rally did not — retesting Friday’s 1968.75 pre-open high.