The First Trade.

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

Enter the Chartroom here (pre-open Market Tour begins at 8:55 ET)

Through the prior close…
Tuesday”s open had initially been resisted by its 2108.50 bias-up signal, which was also the prior high. Breaking above it before the first hour ended was rewarded by a new high testing the morning”s 2114.00 bias-up target. After the noon hour”s momentary probe back under prior highs, the afternoon”s higher high at 2115.25 fulfilled the session”s highest calculable target. The rally didn”t gain traction despite spending so much time probing new highs, because the close had dipped to overlap the morning”s high.

Overnight action”s new info…
Tuesday”s closing dip continued dipping, most recently touching 2110.00 amid Germany-second-guessing-Greece headlines.

If, then…
Most or all relevant time Tuesday was spent above prior highs, without gaining traction for the effort. This was the current rally leg”s first instance of these conditions. If they were more pronounced without any intraday dip under prior highs, a reversal down would be imminent. Instead, a second occurrence of these conditions within 2-3 days is still needed. Interim trending should be muted, or else a much bigger rally leg would actually be underway.

First Trade…
Exiting the open at 9:45 under 2104.25 would be likely also to trigger the 2107.25 bias-down signal at 10:15. Exiting the open under 2109.00 would at least be unlikely to recover in time to trigger bias-up.