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Post-open Review… Be ready. – If, Then… Market Timing

Post-open Review… Be ready.

Fresh intraday highs leaving fewer attractions above.

Yesterday afternoon’s buyers had gained traction for their efforts, so trending up this morning wases_111716_am already likely. Simply not gapping down this morning would be more bullish than bearish.

The open barely touched yesterday’s 2174.00 cash session close before surging back up to Tuesday’s prior highs. Filling the gap up to its 2177.50 close was not at all resistant. The slope did slow upon approaching 2180.00, but it was probed up to 2181.50.

A lot of likely upside attractions are now neutralized. In their place, this morning’s 2177.75 bias-up signal has triggered. Its 2183.50 bias-up target is in-play. It remains in-play so long as the bias environment isn’t exited under this morning’s 2168.50 bias-down signal.

Tuesday’s post-close surge to 2185.00 can still be retested on the way to 2186.00. And there’s room for noise up to 2192.00. If testing higher highs is going to be rejected through expiration, then any upside should be satisfied today, before closing back under the 2180.00 area or lower.