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…
All of Monday”s fireworks were contained in Sunday night”s semi-retracement of Friday”s late drop. Not rejecting the overnight gain allowed the cash session to trigger bias-up, by ultimately holding 2069.75 as support. But the entire session chopped flat-to-higher before a last-minute mini-surge finally touched the morning”s 2075.75 bias-up target.

Overnight action”s new info…
A narrow 2072.00-2075.00 range has contained most price action since yesterday”s close. Its upper-end is being tested again.

If, then…
Attracting sponsorship for trending is difficult since tomorrow”s session ends early and Thursday is closed. That cuts both ways — whether it is sponsorship to trend into new high territory, or sponsorship to reverse the prevailing uptrend. It is easier for price to retrace its recent footprints than to make new ones, but only after stretching the rubber band. So, probing fresh highs remains likelier than reversing down immediately. And reversing down from new highs remains likelier than extending them.

First Trade…
Exiting the open at 9:45 above 2076.50 would be likely also to trigger the 2076.00 bias-up signal at 10:15. Exiting the open under 2069.00 would be likely to trigger the 2070.00 bias-down.