Post-open Review… Suspended animation.
Gap up not extending, or rejected.
The pre-open pullback to 2006.25 was recovered through the open to retest the 2013.75 overnight high. This morning’s 2014.75 bias-up target was attacked to within 1 tick, but never touched. It won’t be considered “unfinished business above” if never actually met.
But the 2014.75 bias-up target is in-play. This is a bias-up environment, since the 2005.25 bias-up signal triggered. A post-open dip attacked it to within 2 ticks, but didn’t break lower.
The bearish WedEX can influence price down anyway. But that should be triggered under 2009.25, if at all. Exiting the bias environment above its 2014.75 bias-up target could marginalize sellers through Christmas. Otherwise, filling the gap back down to Friday’s close remains outstanding.
