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…
Surging immediately at Monday’s open was morning’s the only credible path higher. But even surging immediately would be vulnerable to reversing back down. In fact, surging immediately to 2372.00 was reversed back down. Despite having peaked short of the bias-up signal, its reversal fell to the 2365.50 bias-down signal. The session’s only other opportunity to rally wouldn’t be until the afternoon bias environment exit, which did rally, but peaked upon touching the morning’s 2372.00 high. No traction was gained, and no new unfinished business was created.

Overnight action’s new info…
Reacting down without delay ultimately formed a narrowing range centered around 2370.00. Europe’s opens had only a delayed impact, if any. A 4-5 point slide touched 2366.00 and has quickly reacted up to attack 2370.00.

If, then…
Monday’s two no-bias signals and non-trending inside day bequeath Tuesday’s open with the same predictive criteria as Monday. Rallying immediately isn’t required, and isn’t required to extend, but it’s all but required if the morning intends to rally. And not rallying remains vulnerable to backing-and-filling, or even to retesting Thursday’s 2351.00 low.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2370.00 would be unlikely to trigger the 2373.00 bias-up signal at 10:15. Exiting the open above 2368.25 would be unlikely to trigger the 2364.50 bias-down signal.