Post-open Review… New highs.

And no “unfinished business” outstanding.

Last Thursday’s rally had triggered its afternoon bias-up signal, putting into play its 2590.50 bias-up target. Attacking it to within 1 point wasn’t enough to fulfill it, and it remained outstanding as “unfinished business above.”

Touching 2590.50 overnight fulfilled the objective. But that didn’t prevent probing higher pre-open up to 2592.25. And the opening print was essentially 2590.50, which blipped-down to attack 2589.00 before surging to new highs testing 2596.00.

That was only the first 15 minutes or so. The first hour has extended to attack 2599.00. Both timing windows exceeded any prior high that had been overlapped, preventing sellers from regaining traction.

Having renewed the bias-up signal by exceeding its bias-up target through 10:15, the renewed bias-up target at 2600.00 remains in-play. Being so much further removed from the pattern that identifies it, renewed bias targets are less reliable to be met. It’s an attraction, but it won’t become “unfinished business above” if not fulfilled before the bias environment begins lapsing at 11:30.

Volume historically starts evaporating at a faster pace this afternoon ahead of Thanksgiving’s travel day. Retracing ground already covered will be easier than forging relentlessly higher. Currently, a pullback has room down to 2595.25 before reversing the trend down — either to 2591.75 or 2588.25.