Post-open Review… Squeezing buyers dry.

Pre-open dip helps absorb post-open surge. Which recovers anyway.

The pre-open pullback from 2787.00 ultimately extended down to 2773.50. But the open remained no less vulnerable to a short-squeeze than if the pullback were shallower hadn’t extended so far. So, the 2779.25 open did get squeezed, and the opening 15 minutes of volatility pierced the overnight high by 3 ticks.

However, that was no longer a probe above overnight highs, but its retest. Rather than create that much more room to absorb a post-open dip, the pre-open pullback absorbed the post-open surge. Its reaction fell back to through the 2779.25 open to within 3 ticks of the 2773.50 pre-open low.

That was just the first half-hour. Another upleg since then is probing fresh highs up to 2792.75.  It’s so far just retesting the 2787.00 area, which exiting the bias environment back under 2785.00 would signal had held. Back under 2776.00 through any relevant window would signal the overnight trend reversing down.

Otherwise, not rejecting the post-open rally and extending higher would next target the 2811.00 area, and potentially much higher — where there’s room for another corrective peak, compared to the actual high.