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 morning”s shallow opening strength didn”t attract sponsorship that could recover from testing the range”s lower-end. So, the lower-end was probed to fresh lows at 1973.75. Its 30-point reaction ahead of noon was corrected by 20 points in time for a 35-point rally, testing Thursday-Friday”s 2017.50 close. The final hour”s entry didn”t reflect the rally gaining traction for its effort, but the rally extended higher anyway. Oversold RSIs were left outstanding at the low

Overnight action”s new info…
Dipping through midnight down to 2007.00 was recovered and extended to fresh highs at 2025.00. Monday”s close held a pullback that has recovered to fresh highs at 2028.00.

If, then…
Will Tuesday”s open succeed where Monday”s open failed, or repeat it? Gapping up enough to break free from any attraction back to the lows would likely trend higher through the morning. Otherwise, another shallow gap up would attractive more sellers than sponsorship for extending higher.

First Trade…
Exiting the open at 9:45 above 2028.50 would be likely also to exceed the 2026.50 bias-up target at 10:15 to renew the bias-up signal. Exiting the open under 2014.25 would be unlikely to trigger the 2020.00 bias-up at 10:15, and at least test the 2010.00 bias-down signal.