Post-open Review… Surge city.

Substantial gap up becomes substantial rally.

Relentless overnight trending into the open is often
vulnerable to reversing that trend through the morning. That, or else extending relentlessly through the morning if the open avoids a reversal. Which this morning did.

A pre-open potential Double Top at 2381.00 would have been rejected back under 2378.00. It was instead extended through the first hour to 2389.25. And fresh highs after 10:15 has helped to preserve the anchor qualities that were established by holding up through the open.

There’s one heck of a gap outstanding back down to “lower prior highs,” and tomorrow is not assured of extending higher. But an eventual recovery from almost any downturn would be very likely. Extending higher this afternoon isn’t assured, but a downturn isn’t any likelier from above 2381.00.