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…
Friday”s sellers couldn”t catch a break. Literally. The morning”s choppy ranging held critical support at 2056.50 and exited the bias environment above the open”s low. then entered the noon hour above the overnight highs. The bullish WedEX helped a noon hour dip to 2058.00 recover up to fresh highs at 2076.00. Expiration”s wild card prompted a closing dip down to 2067.00.

Overnight action”s new info…
Post-close action had extended Friday”s late 2072.75 sell signal down to 2063.00. Sunday night”s open recovered the post-close dip and then ranged sideways. Rallying at Europe”s opens soon peaked at 2075.00, and its reaction down has twice tested this morning”s 2069.75 bias-up signal as support.

If, then…
WedEX doesn”t control whether Monday”s open is flat or if it gaps, but gapping down seems not to be the open”s intent. A deeper pullback pre-open is possible. So long as the first 15 minutes of volatility doesn”t trend down throughout, post-open open action should be biased upward into the noon hour.

First Trade…
Exiting the open at 9:45 above 2073.00 would be likely also to trigger this morning”s 2069.75 bias-up signal at 10:15. Exiting the open above 2078.75 would be likely also to renew the bias-up signal by exceeding its 2075.75 bias-up target through 10:15. Exiting the open under 2065.25 would be unlikely to trigger bias-up.