Post-open Review… No (more) excuses.
Post-open dip is fully reversed.
Yesterday’s buyers didn’t gain traction. So, the only credible morning rally above yesterday’s highs must begin by the open maintaining a gap up above yesterday’s highs.
Which today’s open did. The 2179.00 overnight high was maintained through the entire opening 15 minutes of volatility. Maintained, not extended.
That’s an anchor, not momentum. It doesn’t prevent a detour from extending the gap. It certainly didn’t prevent this morning’s detour back down to 2175.00. The 2176.75 bias-up signal was touched in time to invoke the grace period, and recovered in time to trigger late bias-up.
There’s no bullish reason to delay probing new highs. Not when combining that last bit of “ineffectual pessimism” with anchoring the open’s gap up — all within a couple of points of intraday highs. In fact, now 2182.00 is being tested.
The 2182.25 bias-up target is essentially met. Unfinished business above at 2185.50 remains outstanding. A very magnetic range below lies in wait.
