Post-open Review… Traction. Action?

Gap holds up, buyers hold out.

Multiple factors in place at Friday’s close had already suggested probing higher this morning. The bullish WedEX and the rally’s trending traction, most prominently. Last night’s “new Globex trend extreme” has been added to the list. And post-open behaviors suggested that sellers are weak-handed.

But despite the 2854.50 bias-up signal holding several tests as support, it did not trigger. More so, still being overlapped at 10:15 AND 10:30 has triggered noN-bias. The bias-up target isn’t in-play, but neither is an offsetting test of the bias-down signal.

While noN-bias often behaves like no-bias, simply hovering at the bias signal, earlier price action suggests sponsorship won’t be comfortable in a narrow range. Either fresh post-open lows or post-open highs is likely this morning.

The lower-end of the range is being tested now, but almost any strength on volume would be credible for probing fresh highs.