Post-open Review… Optimists a little less reluctant.
Barely triggered grace period for bias-up.
Opening range developed for so long that its eventual break higher came far too late to trigger the 2113.00 bias-up signal. But a late surge’s errant tick did barely touch 2113.00 within 3 minutes of 10:15 to invoke the grace period through 10:30.
Anyway, yesterday afternoon’s rally gained traction, so this morning is likely to trend up. So, probing above 2113.00 at 10:30 would be bullish in two regards. Not yet probing higher by then would be bearish — at least providing context for any higher highs to resolve poorly.
The late extension high, and surging only to 2113.00 and the overnight high, suggest that optimism still hasn’t become excessive. And from a contrarian perspective, that still suggests more upside.
