Post-open Review… Weaving a bullish web.

Open’s dip creates another upside objective.

Tuesday’s open was essentially 2154.50, which was also Friday’s close and Monday’s open. Seems to be a relevant area. Surging up to 2158.00 didn’t lessen its attraction, as a reaction down touched 2153.25.

Another bounce attacked 2158.00 in time to avoid triggering the 2154.00 bias-down signal. An offsetting test of the 2163.00 bias-up signal is in-play.

Despite the upside attraction, a rally isn’t gaining traction. That might be because the 2153.25 low wasn’t fully formed, so recovering will be difficult until at least touching 2153.00.

Fresh highs above 2158.00 would be credible for leaving behind the 2153.25 lows. Otherwise, backing-and-filling this morning remains likely, regardless of the new objective created above.