Post-open Review… Off its good start.

Opening surge only threatens bias-up.

“Unleashing the pent-up buying pressure at the open should surge through the 2165.00 overnight highs if this morning intends to recover.” That summarized what I had noted during the pre-open Tour, that the bullish template would surge quickly.

A post-open dip to 2162.75 and a break above 2164.75 each helped to confirm momentum was extending higher. Ultimately, 2168.00 was touched.

The open did exactly that, and then it didn’t. Bias-up didn’t trigger, despite probing 2 points above its 2166.00 signal. Instead, this is a no-bias environment. And having held a test of the 2157.75 bias-up signal, an offsetting test of the bias-down signal is in-play.

No-bias trending would probe above the bias-up signal during a no-bias environment, and then fail. The 2171.25 and 2175.50 attractions above don’t require testing, but they’re nearby. Back above 2166.50 would be credible for no-bias trending to probe fresh highs. Before failing.

Meanwhile, an offsetting test of the 2158.00 bias-down signal is in-play. Its test is likely underway back under 2164.25 (being tested now). Overbought RSIs at the high don’t require a retest, having developed during the open, regardless of their retest being likely at some point.