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…
Holding a test of Friday morning’s 2337.75 bias-down signal had put into play an offsetting test of its 2348.25 bias-up signal. That context aided the bullish WedEX’s afternoon influence. The morning’s consolidation broke higher during the afternoon bias environment, into a last-minute touch of 2348.25. The new high close didn’t qualify as a new trend high close despite being above Wednesday’s trend high close, since Friday’s high was under Wednesday’s high — Wednesday’s high wasn’t even breached until after coming to within 3 minutes of the cash session close.

Overnight action’s new info…
Sunday night’s modest gap down dipped to 2346.00 before starting to recover, extending to attack Wednesday’s highs up to 2350.50. Then a midnight surge attacked 2355.00, and a brief consolidation resolved in another surge attacking 2357.00. Retracing the entire surge back down to its 2349.50 origin Monday morning has since ranged sideways to attack 2355.00 again, and now again ahead of today’s open.

If, then…
After influential Friday afternoon, the actively bullish WedEX signal seems to have been influential Monday morning. But the real influence is on US price action, which has yet to resume. The “new Globex trend extreme” adds an attraction above, in addition to pre-existing pattern measurements next targeting 2365.00-2366.00. This morning should be focused on the upside, unless the open is already rejecting Friday’s last-minute surge.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2356.25 would be likely also to trigger the 2355.00 bias-up signal at 10:15. Exiting the open under 2350.25 would be unlikely to trigger bias-up.