Post-open Review… Took ’em long enough.

Opening chop finally resolving up.

The relatively narrow overnight range finally tried trending, only minutes after I had mailed out this morning’s Market Tour. The break was down, but it was otherwise operating under the same principle as Tuesday’s late break higher — that  its sponsorship was weak-handed and unlikely to extend.

The late break down touched 2499.00, fulfilling its potential for a retest. That didn’t change what we already knew, that rallying immediately would be credible for extending. So the open blipped-up to 2503.50.

And held there.

Buyers still got a benefit of the doubt, but sellers kept chipping away at it. Not until minutes after triggering no-bias did a more productive recovery effort begin. And it has extended to attack 2506.00.

There’s room to test the 2508.75 bias-up signal as resistance. But no requirement to even touch it. And exiting the bias environment back under 2501.00 would start to signal a more serious intraday decline was underway.