Post-open Review… Up the down staircase, of course.

Overnight rally extends uninterrupted.

When relentless, one-way overnight trending is reversed intraday, it tends to be reversed almost immediately at the open. Therefore, not immediately reversing down through the open would be bullish. And it was likely to test room for noise up to 2457.50, if not also extend to test 2463.00 and potentially 2471.00-2473.50.

Which the open did. Mostly, so far.

Hovering just under the 2455.50 overnight high surged to fresh highs through the open. The bullish strategy was to get long immediately and to monitor for a reversal setup at 2457.50. None developed. Indeed, 1-minute RSI diverging negatively was bullish in context of persistently overbought 3-minute RSI. Resistance at 2463.00 was attacked before 3-minute RSI left overbought.

Now 2463.00 is being probed by 3 points. That doesn’t ensure fulfilling potential to 2471.00-2473.50. We’ll let pullback limits guide that, and the nearest now is 2464.75. Regardless, Thursday’s trend change signal does have an interest in today’s close being back under 2459.00.