Post-open Review… Up the down staircase.

Late break higher extends. For now.

The 2916.00 overnight high had been retested already, following an interim dip back to yesterday’s 2907.50 last-minute low. The recovery’s consolidation started firming into the open up to 2918.00. Its reaction down to 2914.00 resolved up. And up, and up.

This morning’s 2922.00 bias-up target was exceeded through 10:15 to renew the bias-up signal. The 2927.00 renewed bias-up target was just touched, and is being probed by several ticks.

Absent a fresh low under 2907.50, this morning’s bounce is likely only a temporary correction. Either the bias-up target or renewed bias-up target are candidates for the bounce’s peak.

Meanwhile, maintaining the gap up above 2914.00 and extending above 2919.00 — which had been attracting yesterday’s drop — does help to create a position of strength. It’s not yet certain whether the position of strength’s use will be to help absorb a retest of yesterday’s low, or else to launche a durable recovery above yesterday’s high.