The First Trade & Pre-open Tour Recording…

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

NEW 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’s 2294.00 open was flat with Thursday’s close, and with Thursday’s open, and with Wednesday’s close. Post-open action quickly slid and extended through the morning to attack 2277.00. The balance of the session ranged narrowly sideways into the close. Any attraction to retesting Wednesday night’s “new Globex trend extreme” at 2299.50 was well hidden, although sellers were influential only during the morning.

Overnight action’s new info…
Sunday night’s open gapped down 7 points and soon extended 1 more to touch what is already this morning’s 2281.00 bias-down target. Europe’s opens triggered a surge to attack 2286.00, but only briefly before price settled back down to attack the 2282.00 open.

If, then…
Resuming the rally already this morning had required gapping up this morning, which seems quite off the table. Resuming the rally Thursday or Friday had depended on their opening or intraday weakness stretching the rubber band tightly enough to snap back up. That tactic seems to be back on the table. Having tested the bias-down target overnight, holding a test of the bias-down signal should be tight enough. Otherwise, there is room down to 2275.00-2277.00 before the next deep enough stretch.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2277.00 would be likely also not to recover the 2281.00 bias-down target by 10:15, which would renew the bias-down signal. Exiting the open above 2283.25 would be likely to hold the bias-down target.