The First Trade… Cautious optimism.

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…
Tuesday morning”s swing warned that powerful upside sponsorship was arriving. Exiting the morning”s bias environment above its 2072.25 opening high rejected the no-bias environment. Its offsetting test of the 2060.00 bias-down signal was attacked only so much as to fill the gap back to Monday”s 2061.50 cash session close. The rejection”s 2080.50 target was fulfilled on the way to renewing the afternoon”s bias-up targeting 2088.00. The session”s entire last timing window hovered there.

Overnight action”s new info…
Tuesday afternoon”s 2085.00-2089.00 ranging finally began resolving upward just ahead of Europe”s opens. The choppy gains have been consolidating up to 2093.00, centered around the initial surge”s peak at this morning”s 2091.50 bias-up signal.

If, then…
Gapping up without reversing down through the open would get a benefit of the doubt for extending higher through the morning, but wouldn”t assure any particular reaction to the afternoon”s FOMC policy statement. Gapping down or a post-open dip would make an afternoon rally likelier.

First Trade…
Exiting the open at 9:45 above 2095.50 would be likely also to trigger the 2091.50 bias-up signal at 10:15. Exiting the open under 2082.50 would be unlikely to trigger bias-up.