Pre-close view… Climbing the wall of hurry.
Relentless uptrend is fulfilling upside attractions.
Today”s ongoing series of higher highs and higher lows has extended well beyond 2107.00-2108.00 resistance. The post-open 2108.00 buy signal peaked quickly upon probing its 2113.00 bias-up target by 2 points.
The late-morning 2114.00 buy signal has developed more slowly, but relentlessly, and more substantially. Extending higher to product overbought RSIs helped to secure dips from reversing down. And those dips recovered every pullback limit”s test to fresh highs.
The afternoon”s 2124.00 bias-up target was just attacked to within 2 ticks. Meeting it to within 3 ticks disqualifies it from being “unfinished business above.”
Both 1-minute and 3-minute RSIs were essentially overbought again at the high. But 1-minute was borderline, as well as making its own lower high, and it”s getting a little late. Hesitating through the bottom of the hour would likely trade flat-to-lower for the balance of the session.
One more attraction above is outstanding, which is the gap back to Friday”s 2124.25 close. Filling it isn”t required, not until recovering back to within its orbit. Unless the close is back under 2118.00, today”s rally will be likely to resume tomorrow.
That”s within 2 ticks of the afternoon”s 2124.00 bias-up target.
