Post-open Review… Overcome.

Higher highs win out over pre-open challenges.

One-way relentless overnight trending is vulnerable to being reversed at the open. Greeting the new week with extreme sentiment is often a sentiment extreme. Ignoring either challenge through the opening 15 minutes of volatility — maintaining the gap, if not also extending it — tends to extend the overnight trend.

That has happened this morning. And it was necessary to rally this morning, after the prior session’s buyers had failed to gain traction for their efforts.

This is also a bias-up renewed environment. The 2443.50 bias-up target was exceeded through 10:15, putting into play 2449.00-2450.00. Any higher would likely also fulfill the only “unfinished business above” at 2454.00.

Back under 2443.00 would start to signal a deeper pullback underway. There’s room down to the 2438.00 bias-up signal without threatening the bias-up environment. Reversing the trend down is now much more difficult this morning. And extended gaps up tend to print their session high in the afternoon.