The First Trade… Holding up.

Proper context can start the day with a solid win and make all the difference.

CHARTROOM LINK
(pre-open Market Tour begins at 8:55 ET)

Through the prior close…
Having ignored the open’s window for recovering immediately, Wednesday’s gap down extended deeper to its next support at 1890.00. Multiple tests held through the morning’s bias environment, and its exit surged to fresh post-open highs. That fulfilled a bullish setup likely to end the day much higher — and the cash session touched 1929.25. Buyers gained traction.

Overnight action’s new info…
Extending higher into and out of the close soon touched 1938.50. Reversing down into and out of Europe’s opens almost touched 1920.00 before recovering back to and through yesterday’s highs, now testing 1936.00.

If, then…
Rewarding yesterday’s buyers for having gained traction would probe higher this morning, or at least recover a knee-jerk reaction down from surprising news. The minimum upside objective is to retest overbought RSIs at Monday afternoon’s 1943.75 high, probably up to 1946.00, and potentially to 1952.00-1953.00.

First Trade…
Exiting the open at 9:45 above 1936.75 would be likely also to exceed the 1934.25 bias-up signal through 10:15 to renew the bias-up signal. Exiting the open above 1931.25 would be likely to trigger the 1927.25 bias-up signal at 10:15.