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 sharply overnight led to a choppy wide-ranging morning. But sellers were absorbed and overnight highs were recovered. That recovery extended higher into the afternoon”s bias environment. Further improvement was delayed too long to gain traction, but then the last half-hour surged 10 points into the 2056.00 cash session close equivalent, and another 5 points into the futures close.

Overnight action”s new info…
A shallow consolidation down to 2058.50 broke higher before midnight and extended almost to 2074.00. Reacting down since then has dipped to 2062.00, now bouncing back up to the 2065.25 bias-up target”s resistance

If, then…
Maintaining a gap up through resistance is the only way for a rally to extend higher after failing to gain traction the prior day. Emphasis on maintaining the gap up. Meanwhile, gapping up on expiration is unusually vulnerable to reversing down. The opening 15 minutes of volatility could define the entire session. That”s in addition to the passively bullish WedEX possibly inverting after having shifted the paradigm another 180 degrees since Wednesday.

First Trade…
Exiting the open at 9:45 above 2068.00 would be likely also to renew the bias-up signal by exceeding its 2065.25 bias-up target through 10:15. Exiting the open under 2056.50 would be unlikely to trigger the 2059.50 bias-up signal.