The First Trade… Back to business.
Proper context can start the day with a solid win and make all the difference.
CHARTROOM LINK(s)
THANKS TO ALL WHO HELPED TEST OMNIJOIN
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)
Through the prior close…
The traditional post-Thanksgiving early close started by dipping. But holding the 2084.50 bias-down signal’s test put into play an offsetting test of the 2090.00 bias-up signal. The upside objective was fulfilled, but only probed briefly, as volume was evaporating into the early close.
Overnight action’s new info…
Sunday night’s open dipped initially to attack 2084.50. Extremely narrow ranging broke lower at Europe’s opens to attack 2082.00. That was recovered almost as quickly on Chinese intervention, and then some, back up through Friday’s high to 2092.00. that extended to a fresh high attacking 2094.00. Its reaction is attacking 2090.o0 as support.
If, then…
Last week was greeted by the vulnerability to a correction, based on upside objectives being met and timing ahead of the holiday. A correction did develop, both by price dipping and by not yet resuming the rally. Timing and price influences are no longer corrective — at least, the door is open to resuming the rally, which doesn’t require anymore delay or backing-and-filling.
First Trade…
Exiting the open at 9:45 under 2091.00 would be unlikely to trigger the 2094.00 bias-up signal at 10:15. Exiting the open above 2094.75 would be likely tor trigger the 2094.00 bias-up signal at 10:15.
