Pre-market Tour
The First Trade & Pre-open Tour Recording… Recovery complete, or completed?
Proper context can start the day with a solid win and make all the difference.
DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A
Through the prior close…
Tuesday’s gap up to 2674.50 had signaled that Friday’s late probe under it was an anomaly. Triggering bias-up — more so, renewing the bias-up signal — essentially signaled that a retest of Friday’s 2698.25 pre-open high was in-play. The morning’s 2692.75 renewed bias-up target held through both bias environments and the noon hour in between. Breaking higher into the position-squaring window trended up to touch its 2696.00 target. New intraday highs were avoided, but it was a new high close.
Overnight action’s new info…
Trending up relentlessly has very recently pierced Friday’s 2698.25 pre-open high by 2 ticks. The upside action has been relentless, but the move hasn’t been substantial and the slope hasn’t been steep So shallow, that its reaction down is now touching yesterday’s late 2696.00 high.
If, then…
Friday’s pre-open high didn’t require any retest. And having formed by a singular probe without complexity, it didn’t require intraday retest. Both are still likelier than not — to fresh highs at the 2700.00 area, if not also 2703.00 — but reversing down prematurely could extend down again. Meanwhile, extending higher than 2703.00 is more difficult because the recent pullback was only a shallow dip which didn’t refuel much. Difficult, but possible if carried away with itself, next targeting 2722.00-2727.00.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2699.75 would be likely to trigger the 2697.00 bias-up signal at 10:15. Exiting the open under 2693.00 would be unlikely to trigger bias-up.
Phonetic dictation…
it is Wednesday it’s time for Wednesdays morning market tour the retracement is complete that is Friday’s pre-opening High itself not requiring a retest let alone an intraday retest itself being a probe above the two-week-old high can see that anymore 2 week old high before Friday’s open that lacked the complexity which would have required a otherwise required in intraday retest didn’t require and still doesn’t but now it has was never tested Post open because yesterdaypressure was expended just to get down to the interim low that’s not a cumulative that’s not on a Friday by the way out of the end of the year it’s not really trapping shorts and this was proved to have been in a normally so can’t even be counted toward how much deeper of a pull back there was soon as possible and not attractive to reinforcementswhich6110 Stone play Natural Gas three consecutive session before consecutive sessions of gapping of five really or six but three that are out of the range so three that are attributed to trending and including higher closes so again like that just similar to up training sessions very difficult to reverse that that trend not impossible to retrace it corrected even retest the origin of it intraday if there were a pullback of a pullback does get underway here then really it has room down to lower Pryor eyes in this sort of the pattern you really don’t want to see if you’re looking at the
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The First Trade & Pre-open Tour Recording… Not quite rejected.
Proper context can start the day with a solid win and make all the difference.
DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A
[WE’RE USING A BACKUP MEETING ROOM TODAY]
Through the prior close…
Last year’s last day was preceded by an 11-point overnight rally to 2698.25 that probed the 2697.75 prior high. But it didn’t hold, and the open was greeted by a shallower gap up to 2693.75. And even that quickly triggered a sell signal under 2692.25 that extended lower in time to reject both bias-up parameters. 
An offsetting test of both bias-down parameters was put into play, and the balance of the afternoon trended down more shallowly to attack 2681.00. One more reaction up to 2686.50 was rejected by a collapse into the cash session close down to 2674.50, which futures extended down to 2668.75. All “unfinished business below” was neutralized.
Overnight action’s new info…
Monday night’s open gapped up to 2674.50, and extended higher to 2681.75. Trending back down eventually attacked the opening print to within 3 ticks at 2675.25. The trending’s last bounce has developed into a recovery to fresh overnight highs now attacking 2685.00.
If, then…
Gapping down and extending Friday’s late collapse would have been today’s likelier opening scenario, except for the weekend. That’s the least likely resolution when it develops ahead of the weekend. The special circumstances do allow a path higher that essentially treats Friday’s late collapse like an anomaly by gapping up above 2684.25. In fact, last night’s open did gap up above 2684.25. Which is the basis for a setup that can extend to retest Friday’s 2698.25 overnight high. But the open has to exploit the overnight recovery attempt, or else the morning could retest and possibly probe Friday’s late low.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2682.25 would be likely to trigger the 2679.75 bias-up signal at 10:15. Exiting the open under 2675.50 would be unlikely to trigger bias-up.
Phonetic dictation…
Unavailable today.
The First Trade & Pre-open Tour Recording… Plot twist?
Proper context can start the day with a solid win and make all the difference.
DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A
Through the prior close…
Thursday’s gap up held the lower-end of the 2688.00-2692.50 resistance buffer. Gapping up above its upper-end would have been likely to rally, if not the only path to a rally. Holding the lower-end’s test instead reacted down sharply to 2683.50 through the open. An offsetting test of the bias-down signal 2 points lower was left outstanding as the balance of the session fluctuated narrowly at its lows. The balance of the session, until its final minutes surged to attack 2688.00.
Overnight action’s new info…
Firming through the Globex open recovered to 2688.00. Its resistance held until Europe’s opens were approaching. A blip-up to 2689.50 was retraced to test 2688.00, now support, which reversed up sharply to probe above 2692.50 by 3 ticks. Its reaction down probed under 2692.50 by 3 ticks and reversed up sharply, too. Now probing the 2696.25 prior high by 2 points.
If, then…
The names, dates, and places have changed. But, so far, it’s the same story: Overnight rally into resistance. The question is whether it will avoid the same ending of reacting down through the morning. The bullish setup has been the same all week — gap up above prior highs, i.e. the upper-end of 2688.00-2692.50 resistance. Gapping up would have to be maintained through the open, and preferably extended. This applies to any resistance being tested at the open, including the prior high. And new highs remain vulnerable to reversing down again from 2699.75-2700.75 and 2703.00, since the relatively shallow interim dip didn’t refuel buyers much — refueling that could have been done by briefly revisiting the 2681.50, 2679.00 and 2675.50 lower objectives. So, reversing down isn’t any less likely until 2703.00 is recovered through a relevant window.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2694.25 would be likely to also recover the 2692.50 bias-up target through 10:15 and renew the bias-up signal. Exiting the open above 2690.75 would be likely at least to trigger the 2688.00 bias-up signal.
Phonetic dictation…
good morning and welcome it’s the last market tour of the year the last market wrap of the year is upcoming what’s going to happen in between a lot of interesting stuff it seems like because overnight we’ve got a rally back to and through prior highs now probing the highs recalled that yesterday morning and dropped after rejecting or by way of rejecting at least the overnight rally and 61.8% of the late Rally from Wednesday’s low so even though that held the test of the bicepsback down early enough there’s still a pattern in here that collapses that utterly collapses make it through the open make it to any relevant irrelevant level and marginalized this does not yet marginalize them all rightdoes this require a complete retracement not required but still likely until disproved which is of course interesting because there was an opportunity not yet entirely lost at if not reversing the decline that is off of or at least I am basically a 61:8 retracement of it up to 80 which is not yet tested but getting close Euro hire overnight extending its Breakout after having failed repeatedly through Friday making only a formality that there would be some larger bounds the objective and then all of that
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The First Trade & Pre-open Tour Recording… Another slight bounce.
Proper context can start the day with a solid win and make all the difference.
DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A
Through the prior close…
Before seasonal holiday bullishness resumes its influence, sellers had a fading opportunity Wednesday to insert a downdraft. Perhaps even to fulfill “unfinished business below” at 2679.00 and 2675.50. Despite triggering the 2688.75 bias-up signal late, and creating “unfinished business above” at its 2693.75 target, a downdraft did begin mid-morning and fell to 2681.50. The position-squaring window popped back up to the afternoon bias environment’s 2685.25 high. Meanwhile, the afternoon’s bias-down signal had triggered, late, and left unfinished business below at its 2679.00 bias-down target.
Overnight action’s new info…
Surging out of Wednesday’s position-squaring window extended to 2686.25 into the futures close. Globex dipped to 2684.00 and then resumed the rally. It has been relentless, albeit shallow, up to 2688.50. That was yesterday’s sell signal that had triggered going into the noon hour, and 1 tick above this morning’s bias-up signal.
If, then…
Yesterday’s position-squaring window bounce originated too late to be strong-handed, and it was only noise since it peaked at the afternoon bias environment’s high. The overnight extension is only noise, so far, for having retraced the last downleg’s sell signal. Wednesday’s downdraft began in time to be credible ahead of the bullish influences, but it doesn’t have unlimited time to fully develop. If sellers can’t prevent the bias-up signal from triggering, then Wednesday’s 2675.50 unfinished business below could be delayed until next year. Bias-up would likely marginalize sellers for the morning, which would be long enough for seasonal bullishness and quarterly portfolio window dressing influences to take over through tomorrow’s early close. The key to one more downdraft is to start it early, which I’ll give every benefit of the doubt if bias-up doesn’t trigger. Just by not gapping up above Wednesday’s highs, fresh lows remain in-play.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2690.50 would be likely to trigger the 2688.25 bias-up signal at 10:15. Exiting the open under 2686.00 would be unlikely to trigger bias-up.
Phonetic dictation…
good morning and welcome it is Thursday time for Thursday morning Market to our don’t forget it’s a early closed tomorrow so we’ll be doing an early market wrap and it’s a holiday weekend so there’s no Saturday review so it’ll be an extended market wrap or where we’ll look at the bigger picture and I’ll be going into more detail in the Bitcoin anticipation we’ll see what happens I’ll mention somethinglittle bit of a rally overnight not much just relentless the open initially dipped the open initially dipped after yesterday’s very late rally the position scoring window started very late not a positive two virgins down here RS I never got over sold on that last low all noise made it only back to the buy some Byron High at least during the Futures extended a little higher before it became relevant even or inflection point wasn’t touched until well into the evening extensionhey I are actually another couple of ticks higher would not only recover that sell signal but also threatened to trigger the bicep signal this morning’s bicep 2688 75 so long as bias up doesn’t trigger and especially if bias up is rejected by testing it and not triggering it putting into play in offsetting test of the bias down signal 8150 yesterday’s low as it happens and then probably lower 279 we’re going to leave in place that likely scenario returning to fulfilling and into a seasonally bullish environment the rest of the day which then probably March through the week which margarinegreat significance overnight but yesterday’s flat the lower arranging did not confirm Tuesday’s almost literal explosion higher above resistance and it is being greeted from a position of strength breakout or break higher but still not from a position of weakness andSouth Korea has stirred the pot overnight basically by indicating there going to be man man dating a non Anonymous trading basically in cryptocurrencies wherever the new year is greeted in each timezone that’s going to be each time zone that has a structure which allows delaying the recognition of a game until that year the premise still being that there is a big reaction down coming as soon as sellers can get in there I would prefer to see that come from at the time could make that even more substantial remember
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The First Trade & Pre-open Tour Recording… Shallowly higher is still vulnerable.
Proper context can start the day with a solid win and make all the difference.
DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A
Through the prior close…
The 3-day holiday weekend ended Monday night. Choppy overnight ranging 2683.50-2689.50 was within Friday afternoon’s range. Tuesday’s first hour was narrower, but still choppy. And then choppiness disappeared, as the balance of the session contracted to a matter of ticks. Flat-to-lower ranging probed a fresh low AFTER the 3:10-3:20 proxy window had closed, indicating its break would be temporary. It was also shallow, piercing the morning’s low by only 3 ticks down to 2684.25 before bouncing back into the range.
Overnight action’s new info…
Tuesday’s late bounce back into the range extended to the morning’s 2688.25 upper-end. And gradually through it as flat-to-higher narrow ranging is probing Monday night’s 2689.50 high up to 2690.25.
If, then…
The overnight range is still probing into the 2688.00-2692.50 resistance buffer, whose recovery through a relevant window would target new highs. And whose resistance held keeps in-play the 2679.00 and 2675.50 “unfinished business below.” Gapping up above the buffer is the likeliest path higher — at least, greeting Wednesday’s open above Tuesday’s range to start, which overnight action is trying. A failed attempt could instead have stretched the rubber band to snap back down to fresh lows. That bearish reaction should develop today, if not this morning, while still free from influence by the two 3-day holiday weekends’ seasonally bullish influence. So meanwhile, the shallow overnight bounce is suspicious. But triggering bias-up could marginalize sellers for the balance of the week.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2691.00 would be likely to trigger the 2688.75 bias-up signal at 10:15. Exiting the open under 2686.00 would be unlikely to trigger bias-up.
Phonetic dictation…
good morning and welcome it is Wednesday the holiday shortened week I’m both ends it is the second day of the week usually this would be the 3rd and the most liquid and Friday is essentially a half day or early close chopping off a couple 3 hours there it’s busy and focused in a different way that gets more prevalent toward the end of the week that is as early as this afternoon and that’s with the year-end transactions more of a focus on if not marked the market then carrying stuff into the end of the quarter end of the year tax considerations etcetera so coming out of the holiday weekend it was a little bit ofso late it would be temporary whether it was deep or shallow was shallow Kimberly call that a rubber band stretch but price did snap back up to the upper end of yesterday’s range to the upper end of Monday night’s range and actually probing that into Thursday night’s range it’s shallow bounce resolving down below at Wednesday’s oversold are a size 2679 and there’s an objectivethe offsetting test in the Bios down trying to get a 26 7550 presumably both of which are inhibiting recovery or rally which at this stage in a narrow extended their Owen range can break decisively in one direction of the other by gapping and when it doesn’t gaps efficiently will instead tend to break falsely and One Direction and then reverse more substantially in the opposite directionthere would be a better chance of that being a false break combined that false break potential with satisfying the attraction in the objective below and that could be a pretty substantial rubber band stretch that snaps back up to new highs and higher otherwise getting a probe of fresh highs going probably requires at leastGood Morning Show extending through the open otherwise that potentially bullish opportunity becomes as beerus as it would have been bullish and stretches the rubber band in the rug directions to snap back down still with no evidence that 2679 2675 50 can’t contain a pullback remember there’s also to book ends to this week to seasonally bullish bookends The 3 Day weekend holiday influence is difficult to find sponsorship let alone counter-trend sponsorship which in this case would be down so that window up coming in the window previous are neither one influential right now opportunitywhich might explain the shallow overnight bounce but won’t explain triggering biocept written by ass up would get every benefit of the doubt maybe some suspicion if the price action merits it but otherwise every benefit of the doubt that sellers would be marginalized through the end of the week which is also to say through the year the outstanding from Two and a half almost 3 months ago formed potentially an island if that’s exploited today by gapping Back Down Under 324 being attacked here overnight we know it would be only temporary gold fulfilledwe don’t have that assurance but there is a pullback rising up trending support down to about 150 150 104 is Touchback above 15116 or back above yesterday’s high when 5125 15126 would be even more bullish than just a test when it’s 2:22 sowas likely at some point 2 I was literally explode higher and what better point of course than resistance so after neutralize me attraction above from two and a half weeks ago and touching 5865 resistance overnight yesterday morning surged considerably not any follow-through here not yet today would be confirmationwe’ll discuss that as we get there this afternoon meanwhile anything in this area is just noise a natural gas which was a little aggressive the most durable bottom possible and did fill the Gap back to Friday’s close fulfilled it yesterday and is extending higher today which is going to create more close above breaks out first as upside attractions that are being fulfilled here overnight so now Iwhich isthat later alright so any questions let me know in the chart room I’ll see you there before the open good luck tonight
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