Post-open Review… Quickly rewarding buyers.

Pre-open rubber band stretch is snapping back up.

I had noted during the pre-market Tour that the open was being greeted by many setups, and none were in conflict with each other. While the 12-1/2 point post-open rally has largely fulfilled those setups, it has also created more attractions above.

Holding 1998.00-1999.50 through the open undermined the overnight Symmetrical Triangle’s bearish influence. Exceeding 2001.25 started leaving its attraction behind. Recovering the 2004.25 bias-down signal through 10:15 put into play an offsetting test of the 2011.00 bias-up signal.

2011.00 has been fulfilled the setup, presumably on the way up to 2016.00. Since the 1999.50 bias-down target was tested before recovering the bias-down signal, an offsetting test of both bias-up parameters is in-play. That includes the 2016.00 bias-up target.

Avoiding a deeper pullback than 2006.00 would keep alive near-term potential above to 2016.00, and then 2019.50.