Post-open Review… Untethered.

Gap up surges its way to new highs.

Gapping up didn’t kill the WedEX’s bearish influence. Neither did extending higher. Printing a higher high after the first 15 minutes of volatility did the deed. WedEX is dead.

We’d already been observing bullish behavior, at least to create an anchor for recovery purposes in case of reversal. There was no reversal. Gapping up to 2440.50 blipped-down 2 points and quickly recovered to extend the rally. A Running Correction up to 2443.00 (remember that) resolved up while 3-minute RSI became persistently overbought.

3-minute RSI remains persistently overbought, for now, while new highs probe 2445.00 is probed up to 2450.00. The renewed bias-up is fulfilled. There’s room for noise above at 2453.00, but no requirement to reach it.

Overbought RSIs at 2450.00 require its eventual retest. Near-term, back under 2446.50 would start to signal a corrective dip underway. Its target would be 2441.50, the lower quadrant of that Running Correction I mentioned above.