Pre-market Tour

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 open had been greeted by a narrow flat-to-higher overnight range. The range had just begun breaking higher shortly before the open, attacking 2540.00. The open’s reaction down to 2537.00 was recovered on the way to fresh highs. That little reaction, brief was leveraged both by buyers chasing the rally higher, and by actual fundamental developments. More than being a reaction to headlines, the news had contradicted expectations.The afternoon was greeted ta 2549.25, only 2 ticks under the close, despite having triggered its 2547.00 bias-up signal. The 2552.00 bias-up target becomes “unfinished business above.”.

Overnight action’s new info…
Yesterday afternoon’s narrow ranging was at least flat-to-higher, briefly attacking 2551.00. Last night’s range was flat, and narrower than the prior two that had at least challenged a 2-point width. But calling it the open’s indication would ignore the narrowness’s cause, which is the impending Employment Situation report.

If, then…
I began tracking this upleg’s correlation to the Up/Down-crash setup after day-5 Yesterday was day-7 of consecutive higher closes. This upleg comes within one week of the prior stretch, which lasted 8 days. Neither stretch included the interruption of a lone counter-trend down-day. So, closing negative today after this morning’s payrolls report would not disrupt the setup’s count. Meanwhile, closing higher today would be a new trend high close on a Friday, further entrenching the uptrend and its characteristics. Considering the cumulative “unfinished business below” that has been left outstanding so the rally could extend, today’s intraday action could be wide-ranging, and multi-directional, taking wide swings before the close.

First Trade…
[Click here to view the Bias parameters] No preliminary levels are considered before an Employment Situation report.

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…
Wednesday’s session left the chart with another new high close, with no unfinished business above — other than coming closer to significant attraction at 2541.50. open was greeted by a narrow flat-to-lower ranging. Post-open action blipped-down momentarily to a fresh low at 2529.00, but the morning bias environment repeatedly tested 2532.00 resistance. The bias environment launched a rally to 2538.00. The afternoon’s reaction down attacked the morning’s highs, which held as support through the close.

Overnight action’s new info…
Last night’s 2-point range has been as narrow as the prior night. Narrower, not including Tuesday’s late 2-point dip lower. That may yet develop. Meanwhile, the two ranges differ in their bias — last night isn’t flat-to-lower but flat-to-higher, almost imperceptibly until the past hour. This morning’s 2537.00 bias-up signal was just touched.

If, then…
Tuesday’s new high close was similar to Wednesday, having left no unfinished business above. But it differed by not creating any upside attraction intraday. Being an inflection point, the morning’s buy signal above 2533.00 doesn’t qualify. No bias objective above had been outstanding, and no bias-up was triggered. Normally, this might reflect strong underlying demand, except the move was limited to the cusp between windows (bias environment lapsing into the noon hour). Extending higher later would have reflected reinforcements. And so would extending higher this morning, if maintained. But extending higher only temporarily (then closing negative under 2535.50) would qualify today’s higher high as upward momentum failing. Not even probing a higher high but closing under yesterday’s 2529.00 low would signal momentum reversing down. Avoiding such disqualifiers has kept alive this rally leg for more than a week. That has been done by continually creating upside attractions. A lot of that will be undone quickly if new highs has begun inhibiting new accumulation.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2535.50 would be unlikely to trigger the 2537.00 bias-up signal at 10:15. Exiting the open above 2538.00 would be likely to trigger bias-up.

Phonetic dictation…
good morning and welcome it is Yo it is Thursday it’s time for Thursday’s Morning Market or quick housekeeping note at the top here I will be unavailable during in this is going to be unknown really during the final hours of Market at the very least we will not have a market wrap post close updates will be late tonight and the that includes the bias signals I will record the market wrap but it won’t be at the clothes that’s what’ll be available late tonight as well and I hope to get that out of the way but I’m not sure that it’ll be at the date that’s right the time that it’s only published available so we’ll see on that and there will be about an hour away from the screens before being in front of Greenville more time available range open this was the overnight range and it just started dipping lowered ultimately did the little bit lower than a couple hours of the open even tried it wasn’t a little lower and rejected that signal avoided so that wasn’t broken but not until the so and no higher closed above the morning that’s put into play to get up here no accumulation down below that targets are met any way that could be if we don’t know until we get the defining action and that is either the afternoon could have closed higher it didn’t today without backing off could close higher it may or weave know that we find out that is that it’s not strong hands that broke above Tuesday’s eyes yesterday but we can’t because a closed under under its morning’s low didn’t do that today could probe yesterday’s high trying to extend that rally that hasn’t been rejected but failed to close Above It Could Happen 4150 2541 50 is the next high resistance is significant resistance or even without probing a fresh High today’s session could just run down 4150 doesn’t have to be tested Trend down and close under this morning’s low where at 6 and going on seven sessions of higher closes not being rejected pure uptrending but mostly are essentially on sessions that have been working their way toward some unfinished business above their for an attraction or creating intraday attraction like a bicep triggering a bias up and then get him there yes it was first day too didn’t do that but extended higher anyway and by the way extended higher I should point out during the noon hour I’m sorry into the noon hour during first of all as I said the breakup of the bicep signal when the happened when the bias environment started lapsing it also ended pretty much when the bias environment and it is well and into the noon hour the new not of the buy some ornaments high in fact as it was lapsing call 836-5037 that’s pretty much to find the highs except for this blip up during the otherwise irrelevant noon hour so getting some indications that need to be met either by offsetting the potential negative aspects or that will confirm the negative aspects but they are negative aspects and I should also point out with the three minutes that there is a reaction down there is unfinished business at the earliest outstanding or take it back to Friday Friday morning as trending that broke about 8:25 or 9:50 that hasn’t prevented it but it has created and left outstanding and that’s just the beginning because 6 if I were to fail and remember what we talked about this Saturday the Saturday review and that is Rally attempt in the question a couple weeks ago in other words waiting for that wild that sector starts or before that sector or complex gets all of its ducks in a row but really anything short of 12 87-88 is suspicious as just being a collective nouns Tuesday but that didn’t satisfy the outstanding requirement for at least one more lower close that’s under the last week’s was not just probing under it in today and that inhibited yesterday’s Gap up from extending which isn’t inhibiting this morning or overnight from bouncing again but we’re going to look for clothes it’s not something I would be short for but something I would consider buying upon it being reacted to the next morning or the next day just got to wait for that because of the strong potential if not likelihood or even requirement for a fresh loaf close I’m just not able to call this an accumulative area or use this for accumulation a less 15314 is recovered close above 15314 I’ll look at it and see if it comes from closing 5314 but until then just just an observer of crude oil and this morning Natural Gas but we do have it on Monday and confirm Tuesday and that allowed or enabled yesterday’s bouncy essays open touched and the reaction down neutralize the Gap back to Monday’s open that would have required being filled and is now not 3 until this evening review this weekend .

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 primary path to rejecting Monday night’s 2529.50 fresh highs was time-dependent. But Tuesday’s open only fluctuated around the morning’s 2527.50 bias-up signal. It was almost accidental that price was under the bias-up signal when the bias timing window triggered. The morning’s no-bias environment may have inhibited extending higher, but the afternoon’s noN-bias didn’t prevent resuming the overnight rally. Extending to 2532.50 twice tested the morning’s bias-up target, despite it never having been put into play.

Overnight action’s new info…
Blipping-up another point into the futures close touched 2533.50. Reacting down shallowly into the Globex open held a test of 2531.00. It then held the lower-end of a very narrow range through Europe’s opens.

If, then…
A target is essentially the room for noise beyond a signal, with the added input of a setup that requires its test. Tuesday morning’s 2532.00 bias-up target is the room for noise above its 2527.50 bias-up signal. Triggering the signal would have put into play its target, but meanwhile there is room for noise to get there, anyway. Exploiting room for noise in a low-volume environment is like stretching a rubber band, but with very low energy — it will likely snap back unless energy is increased. And in this way Wednesday’s session is vulnerable to snapping back down unless buying pressure increases. So, the rally might not tolerate simply opening flat, and resolve as bearishly as gapping down or dipping soon after the open. Attractions below are at 2520.25 and 2509.50 and lower. Extending higher would next target 2541.50.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2529.00 would be unlikely to trigger the 2532.75 bias-up signal at 10:15. Exiting the open above 2529.00 would be unlikely to trigger the 2526.75 bias-down signal.

Phonetic dictation…
Alright good morning good morning and welcome it is Wednesday it’s time for Wednesday’s Morning Market to her another shallow nearly ranged over night session last night was flat flat to lower the two prime tonight’s had it developed exclusively in positive territory a little more substantially at least initially Sunday night and more flat the higher yesterday or reading yesterday’s open the last night a little bit of a pause and that follows yesterday afternoon yesterday afternoon having extended higher throughout the afternoon finally getting past this hovering that initially just hovered around range around the mornings bias up signal almost by accident or by chance where 1015 coincided with price with the fluctuation around the 2750 XM signal happened to trigger no bias regardless the balance of the morning did not extend tire and the balance of the morning contained at least one fresh low as it was that’s enough that’s enough to give the mornings all sitting down signal 25 2025 new status it doesn’t get invalidated it becomes unfinished business full of soap 2525 unfinished business and so we look at other things focused on 25-25-25 32 never put into play Again by chance didn’t have to find anything but it was Matt it is room for noise noise it just so happens when it becomes the requirement to get to that end of the extreme but if we’re going to look at this as a detour on the way through 10:15 then 32 should be that room for noise here it is being tested and holding through regular Trading Post close but you can see that hasn’t gotten very far as 2532 continues to define the upper end of the range if in fact requiring 2525 to be tested if this is the end of the range we should know that pretty soon pretty early at least Post open because I Collapse or characterized how price trends down but it should start pretty early if I’m basically just look at it as if the rubber band is being stretched the upper end of the room for noise the rubber band is being stretched up to 2532 why we can’t remember never being put into play just went for noise so unless some more powerful or substantial buying pressure comes in and takes over at the margin here and this room for noise just becomes a launching pad for another unless there’s some evidence pretty quickly weather gapping down which isn’t off the table at this point just soon after the open Sliding or declining or whether the rally the weekend and rally can really tolerate the lack of extending pretty quickly Post open so we should know pretty quickly Post open because the mark of the rally should be extending if it’s going to extend it all maybe it extends to retest yesterday’s high but if the oven in 15 minutes about sylheti haven’t done it or if there’s a retest of yesterday’s high that isn’t extending High Earth revolving window and getting react rejected reacted down back into negative territory or probably heading down don’t talk to that that’s what would open the door back down today this morning it does mean that the markets going to do that and Trend down but those are the characteristics or the behaviour of us were probably trending back down maybe temporarily maybe just to 25 20 or 25 2509 50 that’s outstanding lower than that maybe only temporarily but the point is what would shift the momentum down near-term if those are being exploited pretty quickly through the open 2541 50 is next targeted above starting with the euro yesterday gave that back it’s bouncing a little more substantial but in essence there’s a probe under one 1760 Monday night and that’s should just be the beginning of the break into 11760 to come opportunity 135 with not going to be the end of it without that if there’s going to be a it should be pretty and it shouldn’t be suddenly not a little there’s a good opportunity with room up to 7935 is going to be really don’t want to see it so it’s not going to tolerate very well it’s got this much room bouncing before reversing the trend up and still waiting on a eventual third load of clothes from last week’s confirm Breakout little lower overnight it’s still down a little bit better program 250 it really has room for extending down to 4975 before recovering 5075 back about 50 75 would indicate that the pullback had ended and then natural gas did not confirm yet but within Monday’s rain so it doesn’t qualify as confirmation basically it has this room above back up to 3 299 Without You by the way because I will want to be were tested from above a bounce needs to test the prior range at that point dipping to fill the Gap back to Monday’s open back down into 91 292 then that can be neutralized that’s if this is bothering review this weekend on Saturday this weekend so if you have stocks that you want to look at before then start bringing them up please alright good luck today .

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…
Monday’s pre-open dip barely touched Friday’s 2517.75 last-minute high before rallying to within 1 tick of the morning’s 2526.00 bias-up target. Sunday night’s action had developed exclusively in positive territory. Neither of which is bearish, but expressing so much optimism for so long and being fulfilled so quickly does tend to retrace. Especially when simultaneously overbought RSIs will ensure the retracement is only temporary. The morning’s dip to 2519.00 held its corrective pullback target. Recovering through the balance of the session finally touched the morning’s high at the close.

Overnight action’s new info…
Monday’s last-minute pierce above the morning’s high had extended to 2528.00 through the futures close. The Globex open quickly retraced that to 2525.50 and then recovered to higher highs at 2529.50 into midnight. Complexity during the rally has created a “new Globex trend extreme.” Price action since then has softened gradually back down to 2527.25.

If, then…
Optimism remained alive and well during Monday morning’s correction of Sunday night and opening optimism. Its pullback held exclusively in positive territory. So, correcting the overnight optimism this morning should probe well into negative territory — of else not correct, at all. Last night’s high requires an intraday retest, which often prints the same day. I’ll be reluctant to sell before then, unless its near-term attraction is already rejected by opening under the overnight low.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2525.25 would be unlikely to trigger the 2527.50 bias-up signal at 10:15. Exiting the open above 2528.75 would be likely to trigger bias-up.

Phonetic dictation…
good morning and welcome it is Tuesday it’s time for Tuesday’s Morning Market to her interesting overnight in that it is somewhat similar in principle to Sunday night One important principle and that is it has essentially developed exclusively in positive territory little bit different Sunday night had surged at the open creating immediately creating room to absorb or expanded selling pressure without it damaging the chart expended immediately began expanding and of selling pressure to Rat Race that surge literally just as deeply as possible without reversing back down piercing really Friday’s range then of course we have to 6184 Tradesman and pre-open dip and in the opening surge more initial optimism creating again room to expand its selling pressure without damaging the chart and had a shower pull back to you yesterday morning that was touched by a tick Oracle point because that even though it doesn’t require of course there’s objectives below it like 2509 5506 2509 53rd Friday’s nobody has trending broke out so we know there’s retracement coming but 2509 doesn’t require any particular orbit that is going to be that is going to be capable of it’s not likely to offer some obligatory support on the way down so let’s talk about that yesterday with all that excessive optimism not just Sunday night and I don’t mean Sunday’s opening search but the entire night having developed exclusively in positive territory and then the mornings opening search not that it was an opening but then it quickly 2526 attacked so lot of Need for correction or likelihood at least of Correction fullback all of that action developed this morning it’s not likely to develop exclusively in positive territory I made two statements there and that is very action this morning will be unlikely to develop exclusively and likely to before I pull back touching the prior sessions range recovered do have another higher hi there is complexity so whatever and it went on to be 2950 today Austin that requirement is met the same day not always here’s a setup that would tell us it won’t be and that is if the open is back under the overnight low having dipped initially at the Globex overnight not as silly open but overnight and recovered do a higher high above the prior session so I have nothing to do with a new trend extreme just a new trend. I haven’t recovered to probe the prior sessions high after dipping back into it overnight that new set that trimmed that hire High tire low Trend can be rejected by opening under the overnight low so that’s 25 2558 25-25-25 if this morning which was pretty close to two points away 2 hours to go we can do that if the open is back under the open is back under the overnight low and maintaining the breaker that will ever ejected the New York to sell if the open isn’t rejecting the overnight highs of attraction or I’ll be reluctant to sell unless the guys were tested Post open but either one of those scenarios would open the door to a cell signal otherwise if the open isn’t already rejecting the overnight High then there’s nothing that forbids this from extending Ireland something that requires an intraday pull back and correction so eyes on the overnight High and a 59fifty range through the open one of the other being tested being probed the opening 15 minutes is going to give us the guidance for the morning for the day any questions 1760 which was attacked stopping optimistically short of it last week requiring a test will they test you can see the actual recognition of 1764 that’s an anchor basically and so this is only a temporary but it’s about able to do that still looking for that there was so I could be considered pretty big drop yesterday at the open so there’s room for noise on a balance and then we could see 134 easily we can see it be pierced and still maintain the down trip and the Aussie fresh low overnight there’s a lot of action in here it’s lower and lower lows the downtrend remains intact so I don’t have any bicycle silver didn’t do anything new over night that had been done still targeting 1650 it has a rejected that are indicated any inclination to reject it and gold as well while it has fulfilled 1253 test by at least a dollar nothing suggesting that it’s trying to buy them literally Gap flat to lower there’s a confirmed break out the requires the risk here is that it is not developing from a higher close is that a great trade it we’re just trying to identify a bottom at this point I would have preferred 5314 first break lower for that for that third lower close to be fulfilled or likely to recover more quickly but we are still looking for at least crude oil Natural Gas but didn’t really agree that we can suggest so still around 293 needs to avoid needs to avoid a second today to have a chance but even if there were an immediate rally after having touched at least they close today .

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…
Friday morning’s rally originated during a no-bias window. “No-bias trending” requires eventually retracing to the broken bias signal, 2509.50, if not also to 10:15 bias timing window’s print, which was 2408.00. That “unfinished business below” may have inhibited the afternoon’s noN-bias environment from extending the morning’s rally above the noon hour’s 2515.50 high. But its retracement only touched an inflection point at 2512.50, and the position-squaring window broke higher to almost touch 2518.00. The session’s new trend high close on a Friday requires another eventual higher close.

Overnight action’s new info…
Sunday night’s open surged for 20 minutes to eventually touch 2523.50. The balance of the night floated gradually lower until testing Friday’s 2517.75 high. That was well after Europe’s opens, which hardly affected the pattern. Finally reacting up, a bounce just touched 2520.50.

If, then…
Last night’s opening surge lacks the complexity that would qualify it as a “new Globex trend extreme.” Its high doesn’t require intraday retest. It’s still an attraction above so long as the open were to hold positive territory. Friday’s last-minute cash session high was 2517.00 and its last-second reaction down touched 2515.00. Any lower through the open would start making this morning more attracted to unfinished business below.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 2516.50 would be unlikely to trigger the 2519.50 bias-up signal at 10:15. Exiting the open above 2521.50 would be likely to trigger bias-up.

Phonetic dictation…
good morning welcome it is Monday it’s the first day of October it’s the first day of a new quarter big weekend or if it weekend at its end in Las Vegas sad as it is tragic is it is it has zero effect on the market also having somewhat Zero Effect on the market is a independence vote to break from Spain very controversial very little of it surprising but certainly distracting is it all comes together and then falls apart that’s the currency Market and in Spain Zone stock market then it is really anywhere else continue door from its opening low Monday mornings low really straight up almost straight up through the clothes and that wasn’t the end of it and reverse down for multiple multiple days what do we know about through Fridays close out of a weekend to produce a new trend High clothes unless it is going to be followed by another or radar of the big money it’s just going to be a relatively weak we’re just going to be looking for a recovery if there’s a reaction when were still above Friday’s Friday’s High by the way this last literally in the last 15 minutes or less than it began 1517 the future and then Sunday night immediately for 20 minutes now there’s no complexity to the there’s a little hesitation here and then extension of anything greater than arbitrary so this that would require Sunday night opening blips like this up or down actually tested for a while when they are to be in this kind of a pattern when they were tested sooner rather than later that we have an extended higher to create a new glove Xfinity extreme and won’t it’s too late for this leg that we were traced but notice that we ever traced touch not even Fridays close Friday or Freddy’s hide and Fridays actually post close high but not the cash that’s in the flight 2517 that hasn’t even touched it’s been attacked with then a couple of ticks on the pool back we have traced 61.8% not yet little bit higher for that twenty-five 2125 if we back out some of these Tix and then some the markets interpretation of its size 25 20 to 25 the open needs to get out above then it would even even though it would leave a gap it would if it were to react after having or to whatever degree in the open is greeted back under 25 17 or really the whole complex structure here at Friday’s close that Friday 5:15 to 5:15 through the open which were under 15 but that’s what it’s going to take or off the table this morning finally gave up on Wednesday didn’t confirm on Thursday new low close but close on Friday so probing lower lower and that haven’t seen the first 3 days of Ford a pattern that in this particular sequence would be expected to recover from this setup but preferably after having kids but at this point this isn’t really still looking for 1762 didn’t get anywhere and finally the end which the pattern owes us when least one more lower close gold slightly weaker little weaker it’s still targeting I mean fresh Lowe’s it was still targeting left the weekend or the week targeting a retest 1280 50 never having fulfilled the 7950 or never having fulfilled 8250 intraday or rejecting it would have been okay had been rejected Thursday which it wasn’t and Friday certainly didn’t do anything to the upside so that really made 8050 likely to be retested intraday and probed at least by a dollar which it is being probed overnight still hasn’t been tested intraday but that’s just the minimum objective or we can start looking for a silver by failing to hold a 1660 by last week really now requires 1650 Long Pond I know it’s down several texts but it’s really just flat in this rain but I want to see close it would just be helpful for the purpose of bottoming if that fresh low were tempted after closing above 15314 unusual pattern for a bottom but that would be helpful crude oil still testing 5155 into the weekend holding its test on Thursday holding its test on Friday and still having room down to 5075 1555 he is taking advantage of the room to the downside it had potential having healthy 55 instead of breaking it to retest the high first but dipping down to the Lowe’s first suggest that that will hold there is unfinished business above at Thursday’s Gap so long as this test of lower prioritize singular or representation if it would suggest that the test and then we’ll have one more up leg to retesting this Pryor height and finally Natural Gas 293 which last week’s delay Thursday Friday morning .