The First Trade… Once more unto the wall, dear friends.

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…
Tuesday morning’s rally fulfilled the required retest of Sunday night’s 2183.00 “new Globex trend extreme.” In the process, it created new attraction above it at 2185.50. Its attack was interrupted by the bigger pattern’s influence, which has been abruptly reversing rally efforts. This one was reversed deeply enough to fulfill the afternoon’s 2173.25 bias-down target. Bouncing into the close ended within 1 tick of Friday’s 2177.75 prior high close..

Overnight action’s new info…
Initially pulling back to 2174.50 then awaited Europe’s opens, That triggered a surge which extended up to this morning’s 2181.25 bias-up signal. Its 3-point reaction down is now being recovered almost entirely.

If, then…
Friday’s new trend high close requires there to be another new trend high close..Tuesday’s close AT Friday’s close did not qualify. But it could, in retrospect, by rejecting an intraday fresh high Wednesday, especially if 2185.50.were touched There’s plenty of “unfinished business below” at 2171.00, 2160.00 and lower to attract price down. So, now that it seems the open will be greeted in rally mode, the question is whether the ongoing pattern’s influence remains capable of causing rally efforts to abruptly fail.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2079.25 would be unlikely to trigger the 2181.25 bias-up signal at 10:15. Exiting the open above 2183.00 would be likely to trigger bias-up.