Post-open Review… Standing its ground, not all of its gain.

PROGRAMMING NOTE: Market Wrap will be held early, I’m away from the screens today during the final hour.

Gapping up to 2742.00 ran to 2749.25. Which was retraced entirely back down to 2742.00 during the first hour. The 2741.00 bias-up target was exceeded through 10:15 to renew the bias-up signal. Its renewed 2747.00 bias-up target was met already, and isn’t required to be retested.

Maintaining a break back under 2741.00 as the bias environment lapses would signal momentum reversing down. Breaking back under a lower support would be relevant later — like, exiting the noon hour in negative territory under 2733.50.

Meanwhile, this being a bias-up environment, reacting down has room to its 2735.50 bias-up signal as support without signaling anything more substantial underway. And back above 2744.50 would start to suggest no pullback is coming, that instead the rally is about to resume.