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…
One 10-minute surge defined Monday”s session. It originated from a choppy open, peaked upon retesting last week”s “new Globex trend extreme,” and then ranged sideways through the close. Resisted by 2034.25-2035.00, buyers didn”t gain traction for their efforts. It was the first time during this week-old rally that three consecutive timing windows traded exclusively above all prior intraday highs.

Overnight action”s new info…
Another rally leg into midnight extended to 2039.00. Its reaction down to 2034.25-2035.00 formed a Triangle that has broken higher to attack 2039.00.

If, then…
Yesterday”s last three consecutive timing windows hovered above all prior intraday highs. This setup tends to develop at or near trend changes — either the traditional trend change that reverses direction, or the possible trend change of steeper slope. Room for noise above the setup is being tested overnight. Gapping up, or not, will be predictive to today”s ultimate behavior.

First Trade…
Exiting the open at 9:45 under 2032.00 would be unlikely to trigger the 2035.25 bias-up signal at 10:15. Exiting the open above 2039.50 would be likely to renew the bias-up signal by also exceeding its 2040.25 target through 10:15.