Post-open Review… Not wasting time.

Already neutralized unfinished business above.

Reacting down overnight consolidated under the 2738.00 earlier overnight low.After having probed yesterday’s highs, exiting the open any lower would have triggered a bearish Globex-flip setup. And forming but not triggering the setup would be as bullish as it would have been bearish.

Meanwhile, a couple of other bearish setups could be triggered by opening under 2730.00. Which was certainly being tested, and for quite awhile overnight. But not already probing lower before the open had made a post-open probe less likely.

So, we were prepared to take early action on surging through the 2737.00 open through its calculable 2738.75 buy signal. Yesterday’s highs were quickly recovered, on the way to filling the gap back up to Friday’s 2751.25 open.

Retesting 2751.25 has tried reacting down to attack 2745.00. But this is now a bias-up environment, and back above 2749.25 (being tested now) should extend the rally to at least 2753.25 or even higher. Back under the 2743.25 bias-up signal would start to signal momentum reversing down, but it would require a retest unless the bias environment were exited under its 2734.50 bias-down signal.