Post-open Review… Suddenly sunny.

WedEX missing from open’s surge.

Pre-open firming greeted the open at  the 2385.25 overnight high. The open then surged, quickly retracing back up to Friday’s 2388.00 high. Its retest was likely at some point, and this was early enough for the bearish WedEX influence to re-emerge during the opening 15 minutes.

It didn’t.

Extending higher soon fulfilled Friday afternoon’s 2389.50 bias-up target that had become unfinished business. And it was probed by 5 ticks. This morning’s 2392.00 bias-up target is another 5 ticks higher.

1-minute RSI diverged negatively at the high’s retest. Persistently overbought 3-minute RSI had left overbought territory. But exploiting any bearish potential all but requires breaking back under the 2386.50 bias-up signal by 10:30, reacting down suddenly like Friday afternoon.

That would be late, but it would be vulnerable to the bearish WedEX influence into the noon hour. Otherwise, the rally’s next higher objective would be 2397.00.