Post-open Review… Legs.

Overnight rally extends post-open.

The overnight rally had attacked 2701.00 before correcting 10 points, and holding there into the open. A post-open dip touched its minimum objective at 2687.25 and then snapped back up 20 points to fresh highs at 2707.00. Any higher would next target 2712.50, 2715.50, and then potentially above 2723.00.

All from a position of weakness.

That weakness is from still overlapping Friday’s 2692.00 high through the opening 15 minutes of volatility. It wasn’t rejected, which probably would have avoided higher highs altogether. But still testing it at 9:45 did not reflect strong-handed sponsorship.

The position of weakness meanwhile doesn’t require extending to any next higher target. Maintaining a break back under 2700.25 (being tested now) should at least retest the open, regardless of its eventual resolution.