Post-open Review… Taking the scenic route.

Opening dip is recovered after news.

Surging out of the open was the most appropriate behavior for resuming the rally this morning. Recovering 2076.00 would have been appropriate, too. But the open’s 2-1/2 point surge only touched 2076.00, and then attacked the overnight lows down to 2070.50.

Perhaps the recovery was just inhibited by the impending EIA news. Already having firmed back up to the 2073.00 bias-down signal, the news triggered a 5-point surge.

The grace period had been invoked, so the 10:30 surge can be assumed to have triggered late no-bias. An offsetting test of the 2080.50 bias-up signal is in-play. That would fulfill the traction gained by yesterday’s rally.

Back under 2074.25 would undermine the recovery — or, at least, undermine extending the recovery today.