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…
Thursday’s opening surge touched the morning’s 2269.25 bias-up signal’s resistance, then immediately reversed down. And not meekly, resembling Wednesday’s opening plunge. But Thursday morning’s drop lasted longer than just the open, falling to 2259.50. Bouncing out of the bias environment exit didn’t last much longer than the open’s surge, and didn’t resolve much differently — another plunge probed last Wednesday’s pivotal low by 2 points down to 2253.00. But the fourth consecutive bias environment’s 2:30 exit began a bounce again, this time back up to 2260.50. Oversold RSIs were left outstanding at the low.
Overnight action’s new info…
Thursday’s late afternoon bounce extended higher into the Globex open to attack 2266.00. Hovering there through Europe’s opens eventually resolved up to a fresh high at 2268.00. Its reaction down is now trying to hold 2265.00 as support.
If, then…
Simply touching last week’s 2255.00 pivotal low all but requires testing the 2248.50 actual low. They’re not always done by the same leg, so an interim bounce isn’t unusual. Last night’s bounce could delay the lower low if maintained through the morning bias environment — similarly, rejecting the bounce could soon retest yesterday’s low and lower. Relentless overnight trending doesn’t assure extending higher post-open, and is often reversed. Regardless, this being a Friday, let alone expiration, the open’s trending could be predictive of the entire session. So, triggering bias-up, or not, could tell us where the entire session is headed.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2263.25 would be unlikely to trigger the 2265.00 bias-up signal at 10:15. Exiting the open above 2266.75 would be likely to trigger bias-up.