Post-open Review… Tip-toeing higher.

Gap up maintained and overnight rally extended.

Weak bases make weak rallies. But they can still make rallies. The secret recipe to extending a weak base’s rally is to keep pullbacks relatively shallow and/or brief. Excessive optimism can be very effective, until it’s not.

After dipping overnight to only attack yesterday’s 2638.75 cash session close, its reaction recovered almost entirely back to the 2654.75 overnight high. Post-open pullback potential to 2643.50-2645.50 was barely touched, keeping alive the rally’s momentum and remaining likely to recover. That was also a test of the 2645.75 bias-up signal as support.

The recovery wasn’t immediate, consolidating past the opening 15 minutes of volatility. But the recovery was productive, extending to fresh highs at 2659.25. Resistance is 1 point lower, and probes above it only overlapped it, never gaining traction.

A reaction down to 2651.50 violated the pullback limit. No accumulative pattern formed, but 2658.25 resistance is already being retested. A detached bar just formed up to 2660.25, and RSIs are diverging negatively. Back under 2657.00 would reverse the trend back down. Otherwise, extending higher has room up to 2677.00.