The First Trade & Pre-open Tour Recording… Recovery complete, or completed?
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…
Tuesday’s gap up to 2674.50 had signaled that Friday’s late probe under it was an anomaly. Triggering bias-up — more so, renewing the bias-up signal — essentially signaled that a retest of Friday’s 2698.25 pre-open high was in-play. The morning’s 2692.75 renewed bias-up target held through both bias environments and the noon hour in between. Breaking higher into the position-squaring window trended up to touch its 2696.00 target. New intraday highs were avoided, but it was a new high close.
Overnight action’s new info…
Trending up relentlessly has very recently pierced Friday’s 2698.25 pre-open high by 2 ticks. The upside action has been relentless, but the move hasn’t been substantial and the slope hasn’t been steep So shallow, that its reaction down is now touching yesterday’s late 2696.00 high.
If, then…
Friday’s pre-open high didn’t require any retest. And having formed by a singular probe without complexity, it didn’t require intraday retest. Both are still likelier than not — to fresh highs at the 2700.00 area, if not also 2703.00 — but reversing down prematurely could extend down again. Meanwhile, extending higher than 2703.00 is more difficult because the recent pullback was only a shallow dip which didn’t refuel much. Difficult, but possible if carried away with itself, next targeting 2722.00-2727.00.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2699.75 would be likely to trigger the 2697.00 bias-up signal at 10:15. Exiting the open under 2693.00 would be unlikely to trigger bias-up.
Phonetic dictation…
it is Wednesday it’s time for Wednesdays morning market tour the retracement is complete that is Friday’s pre-opening High itself not requiring a retest let alone an intraday retest itself being a probe above the two-week-old high can see that anymore 2 week old high before Friday’s open that lacked the complexity which would have required a otherwise required in intraday retest didn’t require and still doesn’t but now it has was never tested Post open because yesterdaypressure was expended just to get down to the interim low that’s not a cumulative that’s not on a Friday by the way out of the end of the year it’s not really trapping shorts and this was proved to have been in a normally so can’t even be counted toward how much deeper of a pull back there was soon as possible and not attractive to reinforcementswhich6110 Stone play Natural Gas three consecutive session before consecutive sessions of gapping of five really or six but three that are out of the range so three that are attributed to trending and including higher closes so again like that just similar to up training sessions very difficult to reverse that that trend not impossible to retrace it corrected even retest the origin of it intraday if there were a pullback of a pullback does get underway here then really it has room down to lower Pryor eyes in this sort of the pattern you really don’t want to see if you’re looking at the
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