Post-open Review… Traction rewarded.

Gap up extends higher post-open.

Gapping up 6 points above yesterday’s high to 2286.50 wasn’t necessary to extend the trend this morning. Yesterday afternoon’s rally had gained traction already, all but requiring it. So, a quick dip down to 2284.25 recovered to probe a fresh high,  and a consolidation resolved by trending up to 2290.25.

None of which ever touched this morning’s 2283.25 bias-up target. Exceeding it through 10:15 renewed the bias-up signal, next targeting 2288.00. It was being tested at 10:15, but room for noise above it to 2292.25 is being probed now.

Closing today above its opening print would essentially trigger a breakout. Still subject to confirmation, it would probably extend higher to 2320.00. But until the close, unless the afternoon’s bias-up signal is triggered from positive territory, no higher objective is in-play.

Closing under the opening print wouldn’t by itself form a top. But it would start one. Today’s gap up would still require being tested sometime after dipping back under 2280.25 or deeper.