Post-open Review… Strreeetch.

Last higher objectives tested, probed.

Except for “unfinished business” left outstanding yesterday at the morning’s 2650.00 bias-up target, there was also potential up to 2656.00 and 2666.00. Both are tested, now probed.

The overnight rally had tested 2656.00 and reacted back down to the support of 2650.00 (which is also this morning’s bias-up target). Its recovery was already testing 2662.00 before the open. A brief dip recovered to now fill the gaps back up to last Friday’s ~2671.00 close.

RSIs already diverged negatively while probing 2666.00. Its knee-jerk reaction attacked 2662.00 and spiked back up to eventually test ~2671.00. RSIs continued diverging negatively. None of which is a sell signal, but does allow using a more aggressive sell signal. Back under 2667.00 and 2665.75 would be start signaling momentum is reversing down.

Exiting the bias environment above 2656.00, let alone above 2666.00, would be difficult to reverse down today. The topping pattern begun last Friday would become suspicious, and potential up to 2701.00 would be reinstated — albeit once again subject to confirmation from a second consecutive higher close on Monday.