Post-open Review… Probing higher regardless.

PROGRAMMING NOTE: I am away from the screens during today’s noon hour and into the afternoon bias environment, then back through the close.

The open was greeted by a shallow dip back down to the 2242.50 bias-up signal. Post-open action then steadily recovered up to the 2247.25 bias-up target, new highs.

Reacting down wasn’t recovered in time to renew the bias-up signal. This is a bias-up environment, whose target has been met. Renewing the bias-up signal would have next targeted 2252.50. Extending higher isn’t precluded, it’s just not required.

Fresh highs have touched 2249.00. Not extending higher could range sideways through the close. Or, not extending higher could reverse back under 2242.50 when the bias environment begins lapsing at 11:30 and slide into the weekend.

Potential for reversing down remains alive today for a new reason: Holding a test of the bias-up target. So, before having exceeded the bias-up signal at 10:15 to trigger it, its buying pressure was satisfied. This reflects impatient buying, which is not in itself bearish — unless even less patient buyers arrive to absorb the impatient buyers quickly becoming impatient profit-takers.