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…
Sunday night’s probe under Friday afternoon’s 2260.00 lows wasn’t rejected, but it was retraced for Monday’s open to test Friday afternoon’s 2266.00 highs. the retest was rejected abruptly, and the balance of the morning slid sharply to 2251.75. That neutralized the attraction to last Thursday’s oversold RSIs at 2253.00. But one more nearby attraction outstanding at 2248.50 didn’t prevent the balance of the session from rallying back up to attack 2263.00.

Overnight action’s new info…
Ranging narrowly back down to Friday afternoon’s 2260.00 lows only recently tried breaking out. But a shallow surge testing 2264.00 is being retraced back into the range to attack 2260.00.

If, then…
Yesterday afternoon’s recovery expended a lot of energy only to attack unchanged, never returning into positive territory. Trending up this morning all but requires gapping up above yesterday morning’s test of 2266.00. There is currently only the glimpse of that threat, recently probing a fresh overnight high before dipping back into the overnight range. Reversing the probe back under overnight lows would likely kill the recovery threat altogether, and resume yesterday morning’s decline.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2264.00 would be unlikely to trigger the 2266.00 bias-up signal at 10:15. Exiting the open above 2260.00 would be unlikely to trigger the 2256.00 bias-down signal.