The First Trade & Pre-open Tour Recording… Still upticking.

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…
Thursday’s post-close plunge was a reaction to N. Korea actually launching the missile that pre-open rumors had suggested it was preparing to launch. Plunge after plunge had been recovered to maintain the ongoing narrow range, the rally’s longest stretch of such narrow proportions. No longer fearing a missile, Friday morning action focused only on resuming the rally’s trajectory as it probed new highs attacking 2497.00. The bullish WedEX signal carried the afternoon higher to 2498.00. That fulfilled the “unfinished business above” of Monday’s confirmed breakout which had required an eventual new high close. And it created similar, new unfinished business for being a new trend high close on a Friday.

Overnight action’s new info…
Immediately extending higher, Friday’s post-close action touched 2500.00. Sunday night’s Globex open immediately extended higher, too, touching 2504.50. That held up through Europe’s opens but extended no higher, instead softening to attack 2501.00.

If, then…
This morning’s focus is on the bullish WedEX signal. Its influence Friday afternoon makes it likelier to also influence Monday morning’s post-open action. This is regardless of the opening print were to gapping in either direction. Gapping up above all prior intraday highs could create another piece of unfinished business attraction above, which would help to keep the rally entrenched if its only current outstanding requirement for a new high close were fulfilled today. Regardless of all this bullish and potentially bullish influence — if not because of it — note that trending down through the open would suggest a bearish morning is muscling itself in.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2501.00 would be likely to trigger the 2500.00 bias-up signal at 10:15. Exiting the open under 2495.50 would be unlikely to trigger bias-up.

Phonetic dictation…
okay good morning and welcome it is Monday it’s time for Monday’s morning market tour quick update here and alright so just to refresh where we are how we got here it actually follows pretty tight range for four sessions and it’s even including Friday afternoons sort of Lift-Off sit certainly extended overnight but we didn’t know that then so in this maybe three and a half sessions in any case just extremely narrow range the Rally’s longest stretch of such narrow proportion actually so and a high and it’s not rejecting a high so we know we’re going to resolve a new highs even if there is a downdraft in there we’ve got the context but it doesn’t it just extends its expiration so we’re not expecting a trend change we’ve got a bullish wed x passively bullets bullets wed x so we’re expecting to Trend up or at least recover if there’s a dip Friday afternoon we Trend up and now we’ve got when we had Mondays breakout confirmed requiring an eventual higher clothes which we got sorta but not really because the post confirmation higher clothes was within the confirmations right we just didn’t get a lot of movement until Friday afternoon really or Friday morning it pierced fresh I and this is a missile flying or missiles actually being rumored and then flying in the market still recovering from Depp’s from plunges post close pre-open not a market wanted to go down it’s now getting one wish for Friday afternoon extended higher gradually into the clothes might call it restrained optimism to the degree that there is optimism or pessimism into expiration but never the last that’s the whole point is that wed x indicator that said bullish into the weekend Friday afternoon and out of the weekend Monday morning and here it is Monday morning already well maintenance after Friday’s close price extended higher to 2500 and Sunday nights open immediately extended higher as well to 2504 50 so the 2500 and later revised 2501 likely objective met being tested or at active support now so we’ve got a lot of bullishness playing out I mean there’s nothing in this is just a big caveat it literally is that there’s nothing pointing down right now there’s some things that can point down when timing arrives like they have any 15 minutes of volatility could Trend down that wouldn’t be great there in 15 minutes about Tillery could be exited under the overnight low under 99 and it’s not the overnight low print but that’s the relevant print under 99 having probed above prioritize overnight exiting the open under the overnight low which in this case is 2499 that would Point down holding a test of the bicep signal F signal 2501 isn’t maintained through the 10:15 right now though the only have prevents downdraft in the intro so just to be aware of those possibilities to the downside but otherwise looking for a bullish morning and by the way if the open gapps up if it if the opening print is above all prior intraday High’s which really 2498 is the prior intraday High just gabbing up above 2498 itself could leave the session with some unfinished business above some more unfinished business of because that Gap up will want to be retested from Below just not looking for any kind of widespread or sustained itself to begin right Euro I’m surprised abruptly reversed direction but that’s just a matter of having expected that the low let the target of the pull back that was created by having failed to resume the rally from this point putting into play and objective under one 1851 1845 that was meant in a couple days just how roughly that has reverse Direction but that’s what the pattern called for that it would be done with the pool back at this point it was done with the pool back at Consolidated instead of retesting that has already resume the rally we’ve got pivotal up training support that’s being honored being influential in fact it’s interesting that it doesn’t we’re getting a little more I guess it shouldn’t be surprising they were getting a little more optimistic here avoiding the little uptrending support before extending higher on a pull back that’s all done and remember the ultimate objective here is to it well the minimum of at least that’s from the prior Friday overnight that’s the euro which was tested by breaking getting back in that channel is now the only path higher or the only signal Thursday morning so this does allow lowering the bicycle there’s less to recover we’re going to stay at 1334 for the day as the Buy Signal still want to see 1340 50 or cupboard but it’s no longer I mean it’s not as critical as it was until now now that 13 1850 has actually been tested intraday silver meanwhile if gold is back to be testing 13 1850 then Silver’s probably back to testing well not exactly it never did get a more thorough test of 1760 done that wasn’t required while I was fighting the minimum test of 1770 and so now it has gone on to test 1760 that does allow lowering the bicycle is but I’m not going to lower it yet it’s probably going to be lowered to 1780 will have to see where the actual intraday low print is that 1790 is is essentially the bicycle otherwise really doesn’t have any unfinished business below this slow Thursday’s shake up this slow or I should say chopping narrow range at the low doesn’t really mean anything as far as increasing or decreasing the likelihood of recovering or of extending down there is no unfinished business Below in the service of a pullback it’s no less barrage to just suddenly resume the decline this is essentially the stop is 15520 specially on a closing basis so what would be there as well though is to go ahead and complete a head and shoulders top with one more up leg shallow or at least not complete just a replacement crude oil choppy flat dry drowning didn’t really nothing really hear the requirement from the prior week’s confirmed break out that detoured into a deeper pull back has been fulfilled it was fulfilled not just by their clothes on Wednesday because it was still in the confirmation range but by Thursday’s close and Thursdays clothes having fulfilled that this kind of what I was referring to earlier in the es where they’re in for different reasons there was a new High clothes outstanding to do I close was fulfilled but by a session that Gap above all Pryor High so even if there were an immediate not even if there were that wants to be wrested from below after testing the prior range so I don’t have a cell signal working because of that work no cell signal and finally Natural Gas and has no .