Post-open Review… The race is on.

Uptrend is anchored.

Gapping up to 2262.50 immediately surged. The 2266.00 bias-up target was touched, which also served as the high of a Running Correction. The consolidation resolved up as aggressively as it was entered, quickly testing 2269.25. The hour since then has plateaued there.

This is a renewed bias-up environment, having exceeded the bias-up target through 10:15. Its renewed bias-up target is essentially a retest of the 2273.00 high, presumably to 2275.50 or 2278.25.

Meanwhile, the uptrend faces a challenge from that sequence around the Running Correction — surging into and out of it, then plateauing. A pullback to the consolidation’s lower quadrant would be common before resuming the rally. That’s either 2264.75 or 2263.50. Any deeper would start to be bearish, but the anchored gap up minimizes that chance.

The plateau can also resolve up, ignoring a corrective dip. Yes, its eventual reversal down would be more substantial, if not also durable. But it resolving up first would essentially marginalize sellers until new highs are probed. So, if short or shorting, even if only for a temporary corrective dip, beware a break above 2270.00.