The First Trade & Pre-open Tour Recording… Second time’s a charm.

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 resumed Monday’s rally. But it was “no-bias trending,” having originated after touching both the 2333.50 and 2342.25 bias signals without breaking either by 10:15. The afternoon’s 2357.00 bias-up target was probed by 3 points but never broken. Reversing down at the bias environment’s exit fell to 2351.00.

Overnight action’s new info…
Narrow sideways ranging eventually firmed into Europe’s opens, and then only a little further to within 1 tick of 2357.00. That is resistance, having retraced 61.8% of Tuesday’s late drop. Its reaction down has probed 2351.00 by 1 point.

If, then…
Tuesday’s rally gained no traction, similar to Monday’s. Also similarly, Wednesday morning is vulnerable to trending back down, as was Tuesday morning. But Tuesday did not trend back down. Wednesday is likelier to comply with the near-term bearish influence, less similarly, precisely because Tuesday did not. “Unfinished business below” at 2342.25 is also the beginning of “lower prior highs” down to 2339.75. Their support may suffice to launch the recovery’s next upleg, and to avoid the next lower attraction at Monday’s 2321.00 gap down. Somehow recovering to gap up above Tuesday’s 2360.50 high — or at least above 2357.00 — could extend intraday up to “higher prior lows” at 2369.00.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2348.00 would be likely to trigger the 2350.00 bias-down signal at 10:15. Exiting the open above 2355.50 would be unlikely to trigger bias-down.

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’s Wednesday it’s time for Wednesday’s Morning Market to her second time’s a charm maybe the interesting thing or things about yesterday’s rally one is that Tuesdays or Mondays really didn’t gain traction for itself or it was rewarding without putting into any other higher objective in the play so the only way to Rally durably any durable rally the next day should wait until have him buy some time in his last the four originating otherwise it’s generally sponsored by week and yesterday’s rally started too early as you can see late afternoon dipped that’s not a big Consequence the other big thing about yesterday’s rally was its origination during the environment nope I already been actually but that didn’t prevent breaking any way that should be traced to its broken 4225 at a minimum yesterday’s so it requires being traced or at least back down to some relevant weather is 4825 it’s a different kind of this morning’s influence as likely as it was yesterday morning which didn’t because to resolve differently ignoring the second consecutive morning isn’t it is 321 rallying without leaving any unf inished business below rallying to overcome that fear of influence at least he returned with required gapping up above yesterday’s high so if somehow that develops before the open then it develops before the open and 2369 area is basically hire Prairie Lowe’s and basically a air pocket up to it that’s in case of the Gap up okay any questions of the chart room as far as other markets the Aussie printed a fresh yesterday gap down it’s down under all prior Lowe’s in his you have to be were tested from above really even without that just reading that as a corrective bounce anyway unless there’s a second consecutive are closed today how to pound that letter was just delivered so strength here on that they oversee as to whether or not agree baby boys for the pound of it has already been reflected in this qualify actually and going forward here to make natural gas is just extending the rally why did Jeopardy and hear if I can get through here it gets to hear but I don’t have any bicycle to care for all right listen to recording here if there is any questions go to put into the charger then I’ll see you there before the open good luck today