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 gap up was corrected during the morning”s bias environment, but there was nothing corrective after that. The rally resumed into the noon hour, and out of the bias environment, stopping short of touching Friday”s intraday high. The position-squaring window dipped, but the session still ended higher than Friday”s close. And the rally gained traction for its effort, exiting the bias environment above the noon hour”s high and entering the final hour even higher.

Overnight action”s new info…
After rallying 22 points from Tuesday morning”s low, a 5-6 point slide has kept overnight action trending down throughout.

If, then…
The overnight slide is attacking yesterday”s ~2057.00 bias environment exit. It can be probed without reversing the trend down, so long as the probe isn”t maintained through a relevant timing window. Limiting the pullback would likely probe fresh highs this morning, rewarding yesterday”s rally for having gained traction. This is developing against the backdrop of a Eurozone finance ministers discussing Greece. Like price action, headlines have been downplaying the potential for positive news. But that doesn”t prevent lower lows, even if only as a temporary detour to new highs.

First Trade…
Exiting the open at 9:45 above 2061.75 would be unlikely to trigger the 2059.50 bias-down signal at 10:15. Exiting the open above 2064.50 would be likely at least to test the 2067.25 bias-up signal.