Post-open Review… The longest yard.

Holding the pullback now allows one more rally leg.

Yesterday morning’s 2169.50 “lower prior highs” had been tested thoroughly pre-open. But the retest came just a couple of minutes before coming within 3-5 minutes of the open. That was too early to rely on it serving as if the lower prior highs had been tested post-open.

None of which prevented bouncing into and out of the open to probe 2174.25 by 1 point. That’s where a short-entry was likely. Its reaction down to 2170.00 stopped 2 ticks short of touching 2169.50.

Since then, the 2173.25 bias-down signal almost triggered, and almost didn’t. It ultimately triggered noN-bias. Not a bias-down targeting fresh lows, and not a no-bias that requires an offsetting test of the 2181.25 bias-up signal.

But I’m expecting a probe above yesterday’s 2178.00 cash session high, anyway. That’s the reward to yesterday afternoon’s buyers for having gained traction. Not necessarily before noon, regardless of the potential for extending higher to also retest the overnight high. But probably not if the bias environment is exited under 2173.25.