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…
Wednesday’s weak open duplicated Tuesday’s opening weakness. No-bias was triggered without touching either bias signal, but a late break above the 2336.50 bias-up signal extended anyway to 2343.00. Satisfying its required retracement to within 2 ticks at 2337.00 was deep enough to resume the rally. And the afternoon’s no-bias signal was again no impediment to breaking the 2342.25 bias-up signal to 2349.75. The rally gained traction for its effort, despite the “unfinished business below” back down at 2342.25 and possibly 2341.00. Wednesday’s post-close surge up to 2351.50 duplicated Tuesday’s last-minute short-squeeze. WedEX triggered actively bullish.

Overnight action’s new info…
Globex immediately dipped back down through Wednesday’s 2349.75 high, and gradually extended to within 1 tick of the 2346.75 cash session close. Hours of ranging sideways back up to 2349.75 finally probed lower to test Wednesday’s last-minute 2346.25 low.

If, then…
WedEX triggered actively bullish, easily. And the session ended ultimately in a short-squeeze. Yet, it was the first session in a week to leave “unfinished business below.” The contradiction is mixed signals only if one is left outstanding. The no-bias trending origin at 2341.00-2342.25 can be neutralized easily Thursday morning, and a consolidation can preserve energy until needed to fulfill the bullish WedEX Friday afternoon. Avoiding the dip and pause to resume rallying immediately could lead to an inverted WedEX that collapses into the weekend. For now, it’s Occam vs. Pavlov, i.e. Dip and pause is the likelier path higher, until disproved by rallying immediately this morning.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2351.00 would be likely to trigger the 2349.00 bias-up signal at 10:15. Exiting the open under 2346.00 would be unlikely to trigger bias-up.