Post-open Review… Little delay, but delay.

Gap up’s hesitation resolves higher.

The 2408.50 opening print was at least 4 points above all prior highs. Its reaction down to 2406.00 was still above any prior session’s price action. Instead of a deeper retracement, the reaction consolidated through the opening 15 minutes of volatility.

And then it resolved up.

Exceeding the 2409.50 bias-up target through 10:15 has renewed the bias-up signal. The renewed target is 2415.00, and it was just met to within 2-3 ticks.

Last night’s 2412.50 “new Globex trend extreme” was probed by 1 point. It had required an intraday retest, which is now fulfilled.

Higher highs are possible, if not likely. RSIs had diverged negatively along the way up to 2413.50. But the potentially bearish setup was ignored before extending higher took RSIs back into overbought territory.

Extending higher, or not, the afternoon will be vulnerable to reacting down. Not trending up through the open already undermines the post-open sponsorship. And the impending 3-day weekend inhibits new sponsorship.