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…
The bullish WedEX followed-through from Friday’s influence to the next cash session’s morning. Gapping up to 2353.00 extended higher to attack the 2365.00-2366.00 renewed bias-up target to within 1 tick. Reacting down 9 points was recovered entirely to actually touch 2365.00 just before the close, neutralizing all outstanding attractions above. Reacting down again almost 7 points into the futures close still held above the session’s intraday lows.
Overnight action’s new info…
Fluctuating narrowly around the 2360.00 futures closes eventually rallied to greet Europe’s opens at the cash session’s 2362.50 close. A 2-point surge attacked 2364.00, and then began reversing down. And down. Attacking yesterday’s 2355.75 low had tried bouncing, but that is now resolving down to attack 2355.00.
If, then…
Having neutralized all remaining upside attractions yesterday, the rally’s future depends on creating more bullish influences. Opening today would attempt to do that, creating “unfinished business above” at the gap back to yesterday’s close. A shallow gap that’s still within the orbit of yesterday’s close could be attracted back up to it. A deep gap could launch a mutli-session correction before eventually recovering. Last night’s dip is threatening the latter. We can ignore yesterday’s last-minute plunge as being disassociated from otherwise rallying into the close. So, gapping down under the afternoon bias environment’s 2357.50 low could form a “session-long decline” that trends down through at least tomorrow morning. Avoiding that deep of an opening drop could still find stiff resistance up to 2366.00.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2355.00 would be likely to trigger the 2356.75 bias-down signal at 10:15. Exiting the open above 2359.00 would be unlikely to trigger bias-down.