The First Trade… Back to business.

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…
Wednesday”s 16-point gap down to 2064.00 extended sharply lower to 2046.50 through the morning”s bias timing window at 10:30. The balance of the session trended back up relentlessly, recovering into positive territory attacking 2085.00. The recovery gained traction for its efforts, although it left outstanding the potential for a pullback to 2075.25.

Overnight action”s new info…
The first attempt to probe higher touched 2086.00 where another Yuan devaluation triggered a mini-plunge that came within 3 ticks of the 2075.25 target. That recovered quickly, and eventually extended to fresh highs at 2093.00 ahead of Europe”s opens. Another slide probed a point back under Wednesday”s high to 2083.50, but that has recovered to 2091.00.

If, then…
Having gained traction yesterday, the recovery should extend during this morning”s bias environment — actually trending, and not just probing higher momentarily. Early weakness back into negative territory should recover, more so if delayed until the afternoon.

First Trade…
Exiting the open at 9:45 above 2091.00 would be likely to trigger the 2088.00 bias-up signal at 10:15. Exiting the open above 2095.50 would be likely also to exceed the 2094.75 bias-up target at 10:15 to renew the bias-up signal. Exiting the open under 2075.00 would be likely to trigger the 2077.75 bias-down signal.