Post-open Review… Sudden interest, suddenly fulfilled.

Late surge extends beyond gap up.

The pre-open First Trade blog post and Market Tour had just noted the narrow overnight range. Stable, relative to Friday afternoon’s deep slide preceding it. But not already extending down overnight did create potential for a bounce that stretches the rubber band, which then snaps back down into another slide.

So far, bounce. But not, yet, slide. Gapping up to the 2331.75 bias-up signal fluctuated at 2329.00-2333.00, and eventually resumed the rally. When bias-up was triggering at 10:15, its 2337.25 bias-up target was already being tested.

This is a bias-up environment. Its target has been met. Back under 2334.00 would start to signal the rally is being reversed. The gap back down to Friday’s 2325.50-2327.25 closes would become an attraction, along with the gap back to the 2321.00 three-week old close. Exiting the bias environment above 2337.25 would suggest a bigger bounce underway.