Post-open Review… Pessimism is alive and well.

Overnight and post-open dips absorbed.

Rejecting the overnight probe above Friday’s high would have signaled the trend reversing down through this morning. Or else through tomorrow morning. Reversing down from 2845.00 to 2835.00 had threatened exactly that.

I described during the Market Tour the 8-point surge that relieved the threat. But the threat re-emerged by greeting the open back under the 2840.00 earlier overnight low.

The open’s dip to 2835.50 was recovered anyway — not optimally, not back above 2840.00 at 9:45, but on its way. The 2841.00 bias-up signal triggered cleanly at 10:15 on the way up to 2843.50.

Another dip down to 2839.00 was still overlapping the 2841.00 bias-up signal at 10:30 to avoid invalidating it. It’s still being tested, but bias-up remains intact. More so, failing to trigger the open’s fully-formed reversal setup can resolve as bullishly as it would have been bearish.