The First Trade & Pre-open Tour Recording… Silent night (except for Cryptos).

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 10 points from overnight lows had greeted Thursday’s open 2 points above Wednesday afternoon’s high. A session-long rally setup had formed. Similar to Wednesday’s open, the open failed to maintain its gap, and the setup did not complete. But unlike Wednesday, bias-up triggered anyway, and its 2692.50 target was met. The afternoon’s 2695.50 bias-up signal was tested, too, but not triggered. So the incomplete session-long rally setup influenced the balance of the afternoon, which fell 9 points to 2686.50, closing at 2688.00,

Overnight action’s new info…
The afternoon’s slide hasn’t extended any deeper. Quite the opposite, price has rallied relentlessly overnight. Neither steeply nor substantially, and less flat-to-higher than higher-to-flat. The bias-up signal isn’t even being attacked, currently. Nevertheless, the open is indicated higher. Currently… Cryptocurrencies were extremely volatile, to the downside. I review them at the end of the Market Tour recording.

If, then…
Yesterday’s noon hour exit surged decisively through the 2688.00-2692.50 range’s upper-end. But it never attracted reinforcements, as its bias-up signal test held, and the break’s retracement into the bias environment exit was exploited by probing the range’s lower-end into the close. Holding the range’s lower-end is similar to having held yesterday afternoon’s bias-up signal test — extending the move must be done forcefully to avoid reversing direction. Yesterday afternoon reversed instead of extending. If the open isn’t already extending yesterday afternoon’s slide, then the balance of the morning will likely be spent retracing it, or at least trying. Regardless, trending isn’t likely to extend or be rewarded this afternoon. It’s Friday, before a three-day holiday weekend. Not yet trending through the open could range narrowly through the close, while trending through the open could end by noon.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2694.25 would be likely to trigger the 2692.75 bias-up signal at 10:15. Exiting the open under 2688.75 would be unlikely to trigger bias-up.

Phonetic dictation…
good morning and welcome it’s Friday time for Friday’s morning market tour reminder at the top there is no Saturday review this weekend for the holiday there’s no Saturday review next weekend either same reason so any side she have to review please go and post them in the chart room during the day we will do a little bit extra on the post Club well on the market wrap two things about that will incorporate some of the into the market wrap or normally that would be truncated because of the Saturday review comingpattern of early bounces early gaps failing or holding be advised that if 90 to 1950 is being tested at the open that’s no Assurance of it actually being recovered the trigger 1975 is the bias up signal holding its test mostly the afternoon alrightdoes suggest pessimism witches boys from a contrarian perspective so I’m not raising the cell signal and natural gas which is reported that could be tested overnight yeah the morning isn’t already rallying then 258 will probably be tested the Euro which came back to test 119 overnight having proved it overnight already before probably get overnight just having tested it yesterday required extending down today or the brake lower would not develop prior to 1:20 well only makes that elevates the immediacy of needing to break lower or else and that or else is defined as one 1965failed ascending triangle that needs to be pretty obvious pretty quickly so today is trying to follow through if that fails to follow through no second consecutive higher close confirming today becomes very bearish finally the Aussie

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