Post-open Review… Reinforced.

Pre-open dip attracts post-open buyers.

The relentless overnight rally to 2937.75 faced the challenge of attracting post-open reinforcements. Often it does not, as overnight sponsorship starts selling and must be absorbed.

Today’s setup had a better chance of extending, because its news was a paradigm shift from recent perceptions. Helpful would have been a pre-open dip to negate the relentless label.

In fact, a 6-point pre-open dip to 2931.75 did inject pessimism, which is potentially bullish from a contrarian perspective. Already firming 2 points pre-open, extending higher recovered the 2937.75 overnight high through the open. That was also the renewed bias-up target, and exceeding it at 10:15 renewed the bias-up signal. Doubly-renewed, which is much less reliable. But it’s still a bias-up environment.

2942.00 was just touched. Its 2940.50 pullback limit is being tested, Violating it back under 2938.75 would trigger a correction targeting 2933.75-2934.50. Extending higher at any time would next target 2945.25.