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Post-open review… No rest for the wicked rally. – If, Then… Market Timing

Post-open review… No rest for the wicked rally.

Bias-up, almost out of the gate.

A pre-open dip to 2090.00 was recovered to greet the open at 2094.00. That was up 5 ticks from less than 5 minutes earlier. The 2098.00 bias-up signal was touched 5 minutes later.

Persistently overbought 3-minute RSI reflected buying pressure strong enough to maintain the upward momentum. And the rally did extend to 2101.25.

An extra dip along the way did touch the bias-up signal within 3 minutes of 10:15 to invoke the grace period. But it resolved up to trigger late bias-up. The 2103.25 bias-up target is in-play. Being triggered late, the target isn”t a requirement, just very likely — especially if another fresh high were to print after 10:30.

A corrective dip under 2097.00 could be satisfied less than 3 points lower, or else test 2092.00. But the trend remains up so long as no deeper dip were to materialize.