The First Trade & Pre-open Tour Recording… Poised.

Proper context can start the day with a solid win and make all the difference.
NEW! Market Tour transcript included at the end of this post…

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…
Tuesday morning’s 2349.75 bias-down signal triggered cleanly. It never produced a fresh low, but neither was it invalidated. Efforts to invalidate it didn’t fail for lack of proximity. The 10:30, 11:30 and noon bars each probed their relevant bounce limits. But each probe was also being overlapped at the relevant time. Overlapping disqualifies the attempt. So, the 2344.75 bias-down target is left outstanding as “unfinished business below,” while Tuesday’s close surged to fresh session highs at 2358.50.

Overnight action’s new info…
Initially extending higher after Tuesday’s close immediately attacked 2360.00. That quickly peaked, and soon retraced back down to attack yesterday’s final hour lows at 2352.50. Consolidating there into and out of Europe’s opens eventually bounced up to 2357.25. The bounce was retraced entirely, and is now recovered to a fresh high at 2357.50.

If, then…
Rejecting the relatively shallow overnight pullback and resuming yesterday’s rally this morning will be difficult if delayed. Especially while there is now a new attraction below at 2344.75 in-play. Although neutralizing the attraction below would allow another recovery attempt to begin, the dip might also retest 2342.25. That lower attraction was neutralized already Monday, and unnecessary redundancy usually chips away at the retest instead of reinforcing it. This may seem self-evident. but extending higher this morning — at least this afternoon without first dipping deeper — may be the only way to avoid resuming the decline to deeper targets. The deeper targets begin with 2321.00, while the reward for rallying is 2369.00 and then new highs.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2353.50 would be unlikely to trigger the 2350.50 bias-down signal at 10:15. Exiting the open under 2353.50 would be unlikely to trigger the 2358.50 bias-up signal.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.] good morning welcome it is Wednesday time for Wednesday’s Morning Market or and not a lot going on with overnight that is which is not predictive but it does fit into a template based on where yes his mother left us yesterday’s market of course gave us a biased and Signal Queen by Samsung Wonder 4975 that wasn’t touched recovered until at the moment when it was too late and at 10:30 and that is to invalidate it and then going on to 11:30 higher standard it wasn’t touched until the moment that it was too late what did create a little opportunity here by probing the open side that would have been validated it at 11:30 we have enough invalidated by is down another opportunity at noon to exceed it tried still couldn’t get it done that was last opportunity doing that yesterday morning’s by its down signal and so it’s by stay on target at 4475 becomes unfinished business 4475 in the overnight low it’s so unfinished business and that’s fine and that’s not fair and it’s just that 4475 awfully close to 4225 that was already on that was already there is just no reason typically no reason to retest neutralizing already neutralized objective alessi intent is to break through it so the power is I know this sounds obvious the path higher is higher has higher is not the neutralized unfinished business below first but to extend hire without delay and that’s were last night’s actually comes into play because post close yesterday actually last minute action had gotten back up to 56 which was basically already tested that was the new towers High afternoon tested it and then turned it up into the Futures close and even hired of the Futures open it immediately back down anything yesterday’s final so so far as the sun’s coming up on the state’s things up friction maybe even required already being around mode and extending through the open I would Target 2369 and even get through to 2369 probably at this late stage I could have held as resistance last week now if we tested probably create alright heads up consensus this morning a heads up as to where the analyst looking for employment situation report and then the market responds to it the market responds to the to the news it’s so that’s about an hour it is coming in to support or at least a yeah I don’t know well on this I don’t have any template tracking other than the template that says every single opportunity to reverse down is not only being ignored but holding its support to there is at this point this is the big yesterday’s search to close it a new high at least in the prior to set up there was this can really go away cuz it wasn’t actually broke but there is in this unlike the other cell signal setups that at least had some attraction about that standing there wasn’t any such a trash man standing to be as a cab over to serve as a catalyst for yesterday’s search and yet yesterday search and close in the new hi I’ve got to step back from them alright any questions please let me know and subscriber request a trade let’s see if Monday pretty big gap up and search bike up at the open weave of course got a existing downtrend that is dangerously close to dangerously close to the next phase what’s going on here after Mondays and Tuesdays and should prove to be just a smaller version of Spike up the proof will be in closing negative today that’s very important to keep in open