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…
Friday’s opening surge had held a test of resistance at the morning’s 2272.00 bias-up target. Reacting down into the noon hour to 2260.00 had held support upon filling the gap back to Thursday’s close. The balance of the session ranged up to 2266.00 resistance until it had become too late to sponsor a recovery.

Overnight action’s new info…
Friday’s late bounce had both gravitated to 2266.00 and held its resistance, already having signaled it would hold. Sunday night’s open didn’t delay reversing down to and through Friday’s 2260.00 noon hour low. Narrowly consolidating down to 2259.00 blipped-down to touch 2258.00 at Europe’s opens. Snapping back up extended to attack 2264.00, where price has since hovered

If, then…
Expiration’s influence on Monday morning’s price action may prevent trending in either direction, unless already trending at the open. Resolving down at any time would target at least a retest of oversold RSIs at Thursday’s 2253.00 low, if not also the prior week’s 2248.50 actual low since its pivotal low was already retested. Although not currently threatened, a rally’s initial objective would be to test Friday’s opening anchor above, and likely test of 2278.25.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2257.50 would be likely to trigger the 2261.50 bias-down signal at 10:15. Exiting the open above 2264.00 would be unlikely to trigger bias-down.