The First Trade… Unenthusiastic.

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

CHARTROOM LINK
(pre-open Market Tour begins at 8:55 ET)

Through the prior close…
Thursday was greeted by the prior afternoon’s slide from 2273.00 to 2243.00. Prior lows had held through the close, and attractions above were outstanding. A credible recovery would have rallied almost immediately, but Thursday morning’s rally to 2267.75 — though sizable — began too late. It was retraced to within a couple of points of its 2251.00-2252.00 open, with the close bouncing back up to 2260.00. Oversold RSIs were left outstanding at the 2252.75 low.

Overnight action’s new info…
Another choppy night of sideways action almost greeted this morning’s open. But a rally is already being attempted from the 2256.50 overnight low, and it is now in positive territory attacking 2264.00.

If, then…
Quadruple witch expiration has some unique nuances, but today is mostly influenced by Friday Factors. Like the morning’s bias tending to persist through the noon hour. Maintaining a gap up would be bullish. But oversold RSIs below still require a retest. And the bullish WedEX influence doesn’t begin until coming out of the noon hour.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2265.50 would be likely to trigger the 2264.00 bias-up signal at 10:!5. Exiting the open under 2261.00 would be unlikely to trigger bias-up.