The First Trade.

Proper context can start the day with a solid win and make all the difference.

Through the prior close…
The origin of Friday”s “session-long rally” setup had reason for suspicion, but not its finish. Every timing window but one had probed a fresh session high, as the setup expects. The afternoon”s higher highs didn”t extend higher as each timing window also overlapped the morning”s 1960.00 high. So, despite triggering bias-up, buyers didn”t gain traction for their effort, but neither did sellers.

Overnight action”s new info…
Without having gained traction for the effort, rallying without delay would require gapping up. That”s being attempted since Sunday night”s open spiked up immediately 5 points back to Friday”s 1964.50 high, and has since extended that to 10-11 points higher. A reaction down touched Friday”s highs as support, and has bounced back up.

If, then…
Gapping up today was likely since session-long rallies tend to extend into the next session, and not gaining traction Friday afternoon meant gapping up was the only path higher. That should not be only a momentary probe into positive territory, but a trending effort. It is still vulnerable to being rejected and reversed down, especially since the 1967.00 bias-up target which was left outstanding Friday has now been met.

First Trade…
Exiting the open at 9:45 back under 1960.00 would be unlikely to trigger the 1967.00 bias-up signal at 10:15, or even to recover back above Friday”s 1964.50 high. Exiting the open above 1969.00 would be likely to trigger bias-up.