The First Trade & Pre-open Tour Recording… Skidding up onto the curb?
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…
Friday morning’s rally originated during a no-bias window. “No-bias trending” requires eventually retracing to the broken bias signal, 2509.50, if not also to 10:15 bias timing window’s print, which was 2408.00. That “unfinished business below” may have inhibited the afternoon’s noN-bias environment from extending the morning’s rally above the noon hour’s 2515.50 high. But its retracement only touched an inflection point at 2512.50, and the position-squaring window broke higher to almost touch 2518.00. The session’s new trend high close on a Friday requires another eventual higher close.
Overnight action’s new info…
Sunday night’s open surged for 20 minutes to eventually touch 2523.50. The balance of the night floated gradually lower until testing Friday’s 2517.75 high. That was well after Europe’s opens, which hardly affected the pattern. Finally reacting up, a bounce just touched 2520.50.
If, then…
Last night’s opening surge lacks the complexity that would qualify it as a “new Globex trend extreme.” Its high doesn’t require intraday retest. It’s still an attraction above so long as the open were to hold positive territory. Friday’s last-minute cash session high was 2517.00 and its last-second reaction down touched 2515.00. Any lower through the open would start making this morning more attracted to unfinished business below.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 2516.50 would be unlikely to trigger the 2519.50 bias-up signal at 10:15. Exiting the open above 2521.50 would be likely to trigger bias-up.
Phonetic dictation…
good morning welcome it is Monday it’s the first day of October it’s the first day of a new quarter big weekend or if it weekend at its end in Las Vegas sad as it is tragic is it is it has zero effect on the market also having somewhat Zero Effect on the market is a independence vote to break from Spain very controversial very little of it surprising but certainly distracting is it all comes together and then falls apart that’s the currency Market and in Spain Zone stock market then it is really anywhere else continue door from its opening low Monday mornings low really straight up almost straight up through the clothes and that wasn’t the end of it and reverse down for multiple multiple days what do we know about through Fridays close out of a weekend to produce a new trend High clothes unless it is going to be followed by another or radar of the big money it’s just going to be a relatively weak we’re just going to be looking for a recovery if there’s a reaction when were still above Friday’s Friday’s High by the way this last literally in the last 15 minutes or less than it began 1517 the future and then Sunday night immediately for 20 minutes now there’s no complexity to the there’s a little hesitation here and then extension of anything greater than arbitrary so this that would require Sunday night opening blips like this up or down actually tested for a while when they are to be in this kind of a pattern when they were tested sooner rather than later that we have an extended higher to create a new glove Xfinity extreme and won’t it’s too late for this leg that we were traced but notice that we ever traced touch not even Fridays close Friday or Freddy’s hide and Fridays actually post close high but not the cash that’s in the flight 2517 that hasn’t even touched it’s been attacked with then a couple of ticks on the pool back we have traced 61.8% not yet little bit higher for that twenty-five 2125 if we back out some of these Tix and then some the markets interpretation of its size 25 20 to 25 the open needs to get out above then it would even even though it would leave a gap it would if it were to react after having or to whatever degree in the open is greeted back under 25 17 or really the whole complex structure here at Friday’s close that Friday 5:15 to 5:15 through the open which were under 15 but that’s what it’s going to take or off the table this morning finally gave up on Wednesday didn’t confirm on Thursday new low close but close on Friday so probing lower lower and that haven’t seen the first 3 days of Ford a pattern that in this particular sequence would be expected to recover from this setup but preferably after having kids but at this point this isn’t really still looking for 1762 didn’t get anywhere and finally the end which the pattern owes us when least one more lower close gold slightly weaker little weaker it’s still targeting I mean fresh Lowe’s it was still targeting left the weekend or the week targeting a retest 1280 50 never having fulfilled the 7950 or never having fulfilled 8250 intraday or rejecting it would have been okay had been rejected Thursday which it wasn’t and Friday certainly didn’t do anything to the upside so that really made 8050 likely to be retested intraday and probed at least by a dollar which it is being probed overnight still hasn’t been tested intraday but that’s just the minimum objective or we can start looking for a silver by failing to hold a 1660 by last week really now requires 1650 Long Pond I know it’s down several texts but it’s really just flat in this rain but I want to see close it would just be helpful for the purpose of bottoming if that fresh low were tempted after closing above 15314 unusual pattern for a bottom but that would be helpful crude oil still testing 5155 into the weekend holding its test on Thursday holding its test on Friday and still having room down to 5075 1555 he is taking advantage of the room to the downside it had potential having healthy 55 instead of breaking it to retest the high first but dipping down to the Lowe’s first suggest that that will hold there is unfinished business above at Thursday’s Gap so long as this test of lower prioritize singular or representation if it would suggest that the test and then we’ll have one more up leg to retesting this Pryor height and finally Natural Gas 293 which last week’s delay Thursday Friday morning .