Post-open Review… Targets are also resistance.
Recovery extends to quickly fulfill upside.
Last night’s dip had recovered from its attack on 2788.00 up to yesterday’s last relative high above 2800.00.
This, alone, was more than enough to suggest potential up to 2811.25-2812.00 would be met. Greeting the open at 2807.50 only made that likelier.
But nothing would make extending any higher any likelier. Nothing, except for extending higher relentlessly. Which the open did not do.
The opening 15 minutes of volatility eked higher, but each leg overlapped the opening print. Finally breaking higher surged until fulfilling 2811.25-2812.00. Not for long enough to be considered relentless, but the bias-up target was exceeded in time to renew the bias-up signal.
Breaking higher has attacked 2815.00, short so far of the 2818.00 renewed bias-up target. RSIs are diverging negatively, and the 2813.00 pullback limit is being violated. Back under 2811.00 would start to signal momentum already reversing down.
