Post-open Review… Second wind.

Overnight rally finally extends… to resistance.

Gapping up at the 2620.00 bias-up signal reacted down to attack 2613.00 through much of the opening 15 minutes of volatility. That was still above Friday’s highs, and it only stretched the rubber band, which snapped back up. Overnight highs were probed by a point up to 2629.00.

Reacting down into the 10:15 bias timing window attacked the 2620.00 bias-up signal as support. But bias-up triggered cleanly. Trending back up through the bottom of the hour probed the 2630.50 bias-up target up to 2635.25.

That’s testing Friday afternoon’s 2634.25 high. Gapping up above it would have been credible for triggering a session-long rally setup. Now it’s just resistance. In fact, RSIs just diverged negatively into its retest. Back under 2630.75 would now be likely to test 2627.50.

None of which prevents extending higher anyway. A fresh high could trigger another short-squeeze through the top of the hout. But back under 2627.50 would start to signal that this morning’s rally was unwinding, at least likely to fill the gap back down to Friday’s 2604.00 close.