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 morning”s bias-down had tested and probed its target down to 1995.25, but selling pressure was contained within that window. Forming a Symmetrical Triangle into the bias environment”s exit, and rallying through the entire noon hour, found a peak upon testing the 2007.00 open”s gap down. Sideways ranging through the afternoon attacked 2009.00, reversing back into the range instead of recovering positive territory.

Overnight action”s new info…
Ranging under 2007.00 began breaking higher as election results trickled out. Trending peaked within 1 tick of this morning”s 2015.50 bias-up target. A 7-point dip through Europe”s opens has recovered, now attacking Monday”s Sunday night”s 2018.25 to within 5 ticks.

If, then…
Until news is known to be favorable or unfavorable, it is unknown. That”s why trending can be more responsive to just getting the news behind it. Last night”s election results fulfilled anticipations that were widely disseminated. And the bigger attraction above — including unfinished business — has resumed its relevance. Until meeting the 2021.25 and 2022.00 objectives, almost any post-open selling will likely recover.

First Trade…
Exiting the open at 9:45 above 2013.50 would be likely to renew the bias-up signal by also exceeding this morning”s 2015.50 bias-up target through 10:15. Exiting the open under 2013.50 would put the 2010.00 bias-up signal in jeopardy.