The First Trade & Pre-open Tour Recording… Pop, plop.

Proper context can start the day with a solid win and make all the difference.

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…
Rallying again overnight greeted Friday’s Employment Situation report at new highs attacking the morning’s 2733.00 bias-up target. Its knee-jerk reactions, both up and down between 2730-2735, greeted the open where the report was greeted. It was still a gap up, but it was retraced back down under Thursday’s “lower prior highs” to 2726.50 long enough to hold the 2727.75 bias-up signal as support. The balance of the morning recovered to touch the pre-open high. And when the afternoon’s no-bias environment began lapsing, the balance of the session trended up to a new high at 2743.25. The cash session and futures closes were closely centered around 2742.00.

Overnight action’s new info…
Sunday night’s open was of one mind, and the balance of the night has been quite different. Spiking up 6 points immediately attacked 2648.00. And that was the end of any upside, no complexity that might otherwise require intraday retest. Ranging flat-to-lower met stronger selling pressure at Europe’s opens that triggered a 4-point drop to unchanged. Unchanged supported a choppy range that is now probing into negative territory down to 2737.75.

If, then…
Friday’s new trend extreme close requires at least another eventual higher close, regardless of any interim price action. Sunday night’s high doesn’t satisfy that requirement. And the requirement need not be fulfilled today. Meanwhile, the week is starting off quite differently than did the first week — let alone, each of the first week’s four sessions, which maintained overnight rallies. Exiting the open in negative territory after having probed above Friday’s highs could marginalize sellers for the day. Exiting the open under Friday’s last relative low — which is now being tested at 2739.00 — could reverse momentum down for at least the morning. So, already probing negative territory, exiting the open back above Friday’s high would make the overnight high’s retest today likely.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2742.25 would be unlikely to trigger the 2743.75 bias-up signal at 10:15. Exiting the open above 2745.75 would be likely to trigger bias-up.

Phonetic dictation…
okay good morning and welcome it’s well welcome back it is Monday here’s something we haven’t done in a while a Monday market tour it is the first full week of the year 5 days a week first nine holiday week no almost we have a holiday next week which is why there is no no Saturday review this coming weekend so another one Monday to her but anyway as for last night I started someone for trading days of the year which themselves all open to end not so aggressively though as last night’s rally begin maybe a littlethere’s levels can’t hold through the open again after having proved the overnight or after having probed the prior sessions High overnight that tends to reverse momentum down so quite a different possibility for today then the last four days of course by the same token there’s a bearish set up every single element except for greeting reopen under Friday’s highs if they open is greeted under Friday’s highs under the overnight low and yet the open well as or will likely be is bullish as it could have been bearish and it could have been very bearish3 non consecutive negative closes that doesn’t always resolve in an up-or-down crash but the the alternative the last Light clear but occasional alternative is just arrange nearly sideways as that overbought situation is just neutralized that’s going to be the challenge here and silver as well a little lower but still in its range and it’s got some room or at least a little weaker flat to lowerbeforebarely been attacked on Friday and overnight that attraction about being the Gap back to Tuesday’s close in the Looney just gonna run away here not trending to a new I close but spikes or off and retested so that’s that’s not a pattern I would fade and if there’s any kind of pull bag limit it’s 80 card 8040 that if tested would likely reverse back up to at least a fresh High if not refresh eye closed wood top and then the Yen which is

.