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…
.Friday morning”s bullish reaction to the pre-open Employment Situation report had gapped up above the critical 2090.00-2095.25 resistance. Higher and higher resistance was tested until the upward momentum finally peaked at 2013.00 through the bias environment”s exit. Sideways ranging into the weekend held 2107.50.

Overnight action”s new info…
Flat-to-lower ranging gyrated  as low as 2105.50, where a surge has now attacked the 2110.50 open. But the overnight range is still relatively narrow.

If, then…
If the open isn”t rejecting Friday”s rally, then it is likely to extend higher — probably today, if not already this morning. Opening only slightly in negative territory could gain traction by trending down through the open, And still be absorbed. But opening even slightly in negative territory would be unlikely to extend higher this morning. Opening in positive territory and quickly extending through Friday”s high may be the only reliable start to a morning rally.

First Trade…
Exiting the open at 9:45 above 2111.00 would be unlikely to trigger bias-down at 10:15. Exiting the open above 2114.75 would be likely to trigger the 2112.00 bias-up signal at 10:15.