Post-open Review… Sticking their toes in.

Outage at our site’s host has delayed this 10:35 post.

Well, that was near-perfect. Pre-open action had extended to touch yesterday’s 2448.50 high, which was probed post-open by a couple of ticks. The rally required maintaining the prior high’s break, along with 2446.50. Otherwise, the overnight test of 2438.00 would require an intraday test, too.

Back under 2445.00 made it official. The drop quickly extended to probe under this morning’s 2440.00 bias-down signal to 2437.00.

RSIs made higher lows, and 2440.00 was touched in time to invoke the grace period. It was recovered in time to trigger late no-bias. An offsetting test of the 2448.50 bias-up signal is in-play, already attacked up to 2446.50. It could  be probed up to 2451.50, or another 10 points higher.

Having tested the bias-up signal at the open, it won’t become “unfinished business above” if left outstanding. Back under 2443.00 and 2440.00 would re-open the door to testing the 2435.25 overnight low, and would be vulnerable to extending down to Monday’s 2429.00 “lower prior highs.”