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…
Rallying at Tuesday”s open and through the open fulfilled the morning”s 2047.75 bias-up target, piercing it by 1 tick. Its reaction down was recovered into the noon hour and through the noon hour. The afternoon”s 2054.25 bias-up target was met within 1 tick. A late sell signal triggered as price declined into the cash session close at 2050.00 and through it to the 2048.00 futures close.

Overnight action”s new info…
Don”t sleep, you”ll miss it… Tuesday”s late sell signal targeted 2045.50. It was met as Europe”s exchanges opened, and then exceeded by 1 point. Price action since then has recovered to 2049.50, essentially unchanged.

If, then…
Tuesday”s trend change warning could still be invalidated by resuming the rally and closing above Tuesday”s high. Extending its late drop overnight doesn”t prevent that, but it doesn”t leave much time to delay it. And initially rallying would still be vulnerable to attracting more of the same selling pressure that was attracted late yesterday.

First Trade…
Exiting the open at 9:45 above 2051.50 could be enough to make the 2051.00 bias-up signal likely to trigger at 10:15. Opening under 2047.25 would be likelier to trigger the 2045.50 bias-down signal.