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…
Wednesday morning”s buyers that had absorbed the morning”s probes under 2011.50 were rewarded immediately at the bias environment exit. But its 17-point surge to 2022.00 resistance defined the upper-end of the afternoon”s three consecutive timing windows, which ranged sideways into the close

Overnight action”s new info…
Firming back to 2022.00 was given a boost by dovish overnight Fed comments. A 17-point surge to 2038.50 was retraced 8 points at its low. Recently another surge has probed fresh highs up to 2041.00.

If, then…
By avoiding the rally”s next target at 2029.00 yesterday, there became a high degree of likelihood that its test would easily give way to the next higher targets. The latest surge has come within 3 points of the first at 2044.00, and the next is 2052.00. Regardless, the overnight rally creates the same caveat as at yesterday”s quick test of its bias-up target — neutralizing the upside attraction would be vulnerable to a post-open pullback, even if only temporarily.

First Trade…
Bias-up parameters are already exceeded considerably. Exiting the open at 9:45 above 2036.75 would help to keep the rally”s next higher target in-play at 2044.00. Back under 2031.50 through the open would be unlikely to also exceed the 2029.00 bias-up target at 10:15.