The First Trade.,, Another hope spring?

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

CHARTROOM LINK(s)
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)

Through the prior close…
Monday night”s plunge didn”t extend down immediately. Rather, Tuesday morning formed a Symmetrical Triangle that narrowed between 1921.00-1940.00 to its 1231.00 apex at noon That broke lower into an Expanding Triangle between 1913.00-1927.00 that broke lower into the final hour. Its plunge to 1898.00 was recovered as quickly back into the afternoon”s triangle.

Overnight action”s new info…
Firming back to 1921.00 then accelerated to 1934.00 in reaction to BOJ intervention. Improving later to 1939.00 proved temporary, eventually reacting down to test 1921.00.

If, then…
We haven”t seen an overnight head-fake in awhile. That”s trending in one direction overnight which reverses into quite a different tone through the morning. The reversal tends to be abrupt at the open, but avoiding a head-fake by resuming the overnight trend need not be very obvious immediately. This being Wednesday before a three-day weekend, trending to new extremes should be obvious early, or else new extremes become unlikely. So, sell signals will get a bigger benefit of the doubt than buy signals.

First Trade…
Exiting the open at 9:45 above 1925.00 would be likely also to exceed the 1922.75 bias-up target at 10:15 to renew the bias-up signal. Exiting the open under 1911.00 would be unlikely to trigger the 1915.25 bias-up signal at 10:15.