Post-open Review… Trying to stay ahead of itself.

Surge resumes in time to confirm.

Gapping up to 2201.50 immediately touched the 2200.75 bias-up target. Exceeding it at 10:15 renewed the bias-up signal next targeting 2207.75. Actually, 2207.75 was already tested at 10:15 — twice, as high as 2208.75, but only overlapped. This is not a doubly-renewed bias-up environment.

Nevertheless, this being a bias-up environment, the window can range back down to its 2195.00 bias-up signal as support. A simple corrective dip would target 2202.50, with room for noise down to the original 2200.75 bias-up target. Last Wednesday’s 2210.25 anchor all but requires a retest. Its test should be the reward for returning to within its proximity after probing fresh lows, after finishing this morning’s pullback.

Any deeper of a pullback would tart to suggest today’s upside is done. Recall the premature surge ahead of Europe’s opens that I mentioned earlier? Well, it is now joined by the pre-open reaction down barely attacking Friday’s 2197.25 high to within 3 ticks, and to within 2 points post-open.

The impatient buying doesn’t prevent the upside momentum from expanding, but it makes that less reliable. And more so, it is undermining the upside durability.