Post-open Review… Soaking it in.

Post-open dip recovers, but doesn’t reverse.

A gap up was maintained, but not extended. The rally’s trend remains entrenched, but in need of refueling.

Opening at 2160.25 immediately extended down to 2155.50 throughout the entire first 15 minutes of volatility. That’s a retest of the 2156.00 area where the overnight rally had greeted Europe’s opens. And its where the overnight reaction down from 2168.00 had bottomed.

Simultaneously oversold RSIs at the retest of 2156.00 enabled a bounce. Despite probably being only obligatory, the bounce reached fresh post-open highs up to 2163.00.

2155.50 doesn’t provide much refueling for the rally. Extending higher to retest the overnight high up to 2169.00 would likely reverse down more substantially. But a deeper pullback could produce a more durable upleg from 2153.00

2153.00 is in-play so long as 2160.00 isn’t recovered. Back above 2162.00 would start to signal the high’s retest underway already.