The First Trade.

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

Through the prior close…
Thursday morning”s plunge fell and never got up. The afternoon”s 1959.00-1965.00. range was sold off into the futures close deep enough to suggest a hold-short, which futures retraced enough to undermine. But no bottom was indicated, and the close under prior lows signaled a trend change.

Overnight action’s new info…
Much of the night was spent in a narrow 1-point range hovering just under Thursday afternoon”s 1965.00 highs. Sliding into and out of Europe”s opens tested the range”s 1959.00 lower-end. That dip was gradually recovered to probe fresh highs, but only momentarily as another narrow consolidation forms just under 1965.00.

If, then…
The overnight range can be defined as touching both of this morning”s 1958.75-1964.00 bias signals. They have prevented trending beyond Thursday afternoon”s range. Regardless, fresh lows are likely if the open isn”t gapping up And either should start becoming obvious very soon.

First Trade…
Exiting the open at 9:45 above 1962.75 would make this morning”s 1958.75 bias-down signal unlikely to trigger at 10:15. Exiting the open under 1957.25 would make the 1958.75 bias-down signal likelier to trigger.