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…
Tuesday”s pre-open surge had printed a “new Globex trend extreme” at 2084.50. Reacting down through the open and into bias environment touched Friday and Monday”s highs down to 2075.50. The opening gap”s attraction finally got it filled during the afternoon”s bias environment. A 5-1/2 point drop into the close attacked the morning”s low. The entire session developed almost exclusively above all prior intraday highs, the rally”s first such session.

Overnight action”s new info…
“Action” may be wrong word in this case. Retracing yesterday”s late drop 3-5 points touched its 2082.50 origin. A dip from there has attacked the 2079.00 futures close (cash session close was almost 2 points lower).

If, then…
That”s not much of a range overnight, and that”s not much volatility within it. This being a shortened session, not trending immediately probably won”t trend at all. Meanwhile, yesterday”s session is bearish if triggered through the open — otherwise, not so much. Triggering could be done either by quickly rejecting a probe of yesterday”s highs, or by trending down through the open.

First Trade…
Exiting the open at 9:45 above 2084.75 would be likely also to trigger the 2082.75 bias-up signal at 10:15. Opening under 2075.50 would be unlikely to trigger bias-up.