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…
After rallying relentlessly overnight, Friday”s open fulfilled a reversal setup off of 2072.25. The expiration session”s opening 15 minutes trended down to signal the reversal would extend through the noon hour. The afternoon”s bias timing window lapsed at 2054.75. That was still well into positive territory, and the balance of the session firmed up to 2063.00. Oversold RSIs at the low were left outstanding, as well as the the 2071.50 opening print.

Overnight action”s new info…
Sunday night”s open firmed briefly, but mostly ranged sideways narrowly. Bounces into and out of Europe”s opens have essentially ranged around this morning”s 2065.50 bias-up signal.

If, then…
Extending Friday afternoon”s bounce through this morning”s open would almost ensure retesting Friday”s open before any downleg could form. The alternative would be as likely to trend down until probing back under prior highs. The latter, bearish scenario would also suggest triggering this morning”s bias-down signal.

First Trade…
Exiting the open at 9:45 under 2061.25 would be likely at least to test the 2058.00 bias-down signal by 10:15, which would be likely to trigger if the open were exited under 2056.25. Exiting the open above 2068.75 would be likely to trigger the 2065.50 bias-up signal at 10:15.