Post-open Review… Paradigm shifted.

Overnight rally extends through the open.

Market Tour was recorded while the 2744.50 earlier Globex high was serving as support, after having recovered from probing yesterday’s 2730.25 overnight low. A bullish Globex-flip setup needed only to maintain that much of a recovery. But China trade headlines triggered the rally’s resumption.

By the time of my pre-open comments, the nearest buy signal was 2757.75. It was triggered just minutes later by a surge up to 2769.00. The open held up, and has already been rewarded by a fresh high at 2773.00 as more China trade headlines hit.

This being a Friday, the morning’s bias signal tends to persist through the noon hour. That doesn’t require extending higher, or that extending higher be steep. Being a bias-up, a reaction down could test the 2753.00 bias-up signal as support. But the Globex-flip setup suggests the rally will persist through the morning.

None of which affects the bearish WedEX influence due this afternoon. The setup can’t be inverted again, and can only be invalidated by not trending down during the afternoon bias environment and final hour. Meanwhile, trend extremes aren’t normally associated with expirations, and a new trend extreme close on a Friday all but requires another trend extreme close before a reversal down is credible.