The First Trade & Pre-open Tour Recording… Start and stop again?

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

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…
Gapping up just above Friday’s 2393.00 prior high was just enough to overcome Friday’s failure to close above Thursday’s 2396.50 prior high. Extending higher immediately, relentlessly and sharply all fulfilled the setup, which tested 2402.25 during the morning’s bias environment. The balance of the session ranged flat-to-lower down to 2397.00. Monday’s new high close was at or overlapping the 2400.00 prior intraday high. It satisfies the “unfinished  business above” which had been required since the prior trend high close had printed on a Friday. The close’s overlap gets credit since all prior intraday highs were probed Monday.

Overnight action’s new info…
Monday afternoon’s flat-to-lower ranging initially extended, touching 2396.25 before midnight. Firming from there is only now probing attacking 2401.00.

If, then…
No “unfinished  business above” means that reversing down immediately could evolve into a durable decline. It’s a vulnerability, and it’s probably coming soon. But probing more fresh highs first is likelier after Monday afternoon’s pullback despite the morning piercing a new high — presumably including 2405.00, if not also 2415.00. Gapping down under 2397.00 to “lower prior highs” might be the only way to avoid another detour first.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2403.00 would be likely to trigger the 2401.00 bias-up signal at 10:15. Exiting the open under 2397.50 would be unlikely to trigger bias-down.