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 ended four consecutive sessions of closing at (or once within several ticks of) 2275.00. It wouldn’t have happened without the session gapping above those four sessions, and with the open maintaining the gap. The 2287.00 open was retraced 4 points, and then recovered to attack 2294.00 before the morning bias environment began lapsing. The prior Thursday-Friday “higher prior lows” were recovered, but their upper-end still held as resistance. The balance of the session ranged choppily sideways, supported by 2290.00. .

Overnight action’s new info…
Sunday night’s open slid as America, the world, and our galaxy all were stunned by the Atlanta Falcons early and wide lead over the defending champions New England Patriots. Almost simultaneously timed to the come-from-behind victory, the slide stopped at 2287.50. And it was recovered entirely, eventually piercing Friday’s highs up to 2294.25. Price has since slid back down to test 2290.00.

If, then…
There’s still no evidence that stretching the rubber band tighter last week down to 2275.00 will be any more fruitful in resuming the rally. One piece of evidence against it would be to gap down this morning, which would target 2275.00, and lower. But a gap down isn’t currently threatened. Rather, being back in the orbit of last week’s 2299.50 “new Globex trend extreme” makes its retest likely sooner rather than later..

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2294.50 would be unlikely to trigger the 2295.25 bias-up signal at 10:15. Exiting the open above 2290.50 would be unlikely to trigger the 2286.25 bias-down signal.