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…
Monday’s open gapped down 8 points to its 2281.00 bias-down target. The next 90 minutes plunged 18 points more down to 2263.25. Lower prior highs down to 2275.00 didn’t contain the drop and launch the next upleg, which Thursday and Friday’s shallower dips had tried, and failed. Or, did it? Rallying through the afternoon peaked upon touching its 2277.00 maximum upside target. It originated too late to be the product of strong hands, but its reaction down closed at 2275.00. Oversold RSIs were left outstanding at the low.

Overnight action’s new info…
Having fulfilled buying pressure up to 2277.00 with weak-handed sponsorship, a reaction down became highly likely. Narrow ranging supported by 2275.00 ended with the BOJ’s expected unchanged policy statement. Quickly breaking lower attacked 2268.00, which then supported a somewhat narrow range. This range broke higher, retracing all the way back up to 2275.00. Its reaction down to 2270.25 has been recovered almost entirely.

If, then…
Monday afternoon’s bounce off its oversold lows had waited too long to extend for its sponsorship to be strong-handed. Isolating the doomed bounce’s retracement to the overnight by opening back above 2275.00 could be sufficient to resume the rally Tuesday afternoon. Trying to trend up too aggressively already Tuesday morning might extend to higher prior lows at 2287.00-2289.00 before failing. Oversold RSIs at Monday’s 2263.25 low require an eventual retest, which would be the likely attraction to not opening back above 2275.00.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2275.00 would be unlikely to trigger the 2271.50 bias-down signal at 10:15. Exiting the open under 2269.00 would be likely to trigger bias-down.