The First Trade & Pre-open Tour Recording… Wash, rinse, repeat.
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…
Tuesday’s rally extended overnight until piercing Friday’s 2698.25 pre-open high. Tuesday’s late 2696.00 high held a reaction down that suddenly resolved up at Wednesday’s open. Both bias-up parameters were exceeded to renew the bias-up signal, and the morning peaked at 2708.50. The noon hour’s breakout ultimately triggered the afternoon’s bias-up signal and peaked at its 2714.00 bias-up target. Reacting back down through the close touched the morning’s 2708.50 high. But closing above 2703.00 still put into play the next higher objective at 2722-2727.
Overnight action’s new info…
Other than starting a little later, extending the intraday rally to fresh highs has been identical to Tuesday night’s pattern. Both probed only slightly higher, neither formed a “new Globex trend extreme” yet requiring intraday retest, and both reacted back down down to touch the prior session’s high nearer to the open. one difference now forming is the dip back into yesterday’s range has been recovered back up to its origin, and now fresh highs are testing 2717.00 overnight high.
If, then…
Today’s version of the similar overnight pattern is starting to deviate further from yesterday’s. That difference might greet the open hovering at session highs, or might even develop into a surge. Regardless, a short-entry will be difficult prior to a post-open retest of overnight highs, and then its reversal. But a pre-open shallow dip would still be likelier to recover back to overnight highs. Entering the noon hour back under 2703.00 may be the only path still available to prevent extending to 2722-2727.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2714.00would be unlikely to trigger the 2715.00 bias-up signal at 10:15. Exiting the open above 2709.00 would be unlikely to trigger the 2706.00 bias-down signal.