Post-open Review… Poking higher.

It’s not a breakout, but selling hasn’t resumed.

Pre-open attacks on 2761.00 was retraced down to 2755.00 before the open. The quick discount allowed the open to surge even more quickly. All the way back up to attacking 2761.00. Its reaction down was recovered to test 2763.00, and its reaction down was recovered to 2765.00.

This is the 2764.75 bias-up target, which fulfills the 2759.75 bias-up signal. Regardless of bias-up having triggered late, and regardless of now having fulfilled its target, this morning is still a bias-up environment. The morning bias signal tends to persist through the noon hour on Fridays.

The bias-up environment may only fluctuate back down to its 2759.75 bias-up signal. But developing almost entirely above 2758.00 suggests that pullbacks will be absorbed. And fresh highs would be entirely credible for extending higher. Exiting the bias environment under 2758.00 would start to suggest that sellers are gaining traction.