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…
Monday”s open avoided testing overnight lows down to 2076.00, and surged from the morning”s 2081.50 bias-down signal. Before an offsetting test of the 2088.00 bias-up signal could be put into play, it was already tested. Its resistance held through the bias environment”s narrow range of less than 3 points. But for a noon hour dip to 2084.50, the afternoon ranged as narrowly.

Overnight action”s new info…
Firming back up to 2088.00 was resisted no less than Friday or Monday. A 9-point drop down to 2078.75 began at midnight and extended through Europe”s opening hour. Consolidating since then just surged to 2083.00.

If, then…
Still being in the same range as Friday”s potentially bearish setup, trending down through the open would be vulnerable to extending down sharply. Being one day away from Wednesday afternoon”s volume evaporation, there probably isn”t any time remaining for any other bearish setup. Another “buy the opening dip” setup isn”t likely one day following the last — but I”ll get very bullish if it seems to be.

First Trade…
Exiting the open at 9:45 under 2078.50 would be likely also to trigger the 2082.50 bias-down signal at 10:15. Exiting the open above 2084.00 would be unlikely to trigger bias-down.