The First Trade… Expiration follow-through.

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…
Gapping up Friday to 2088.00 and extending higher through the first hour to 2094.50 retested Wednesday night’s 2089.25 high. It also fulfilled the morning’s bias-up target. The balance of the session trended back down shallowly to enter the final hour testing 2082.00. The final hour firmed back up to 20887.00-2088.00 into the close.

Overnight action’s new info…
Sunday night open surged up to 2092.50. Then almost all of Friday’s late bounce was retraced back down to 2082.00. Crude Oil had been probing fresh lows, too, but surged on news that Saudi Arabia would defend it — that triggered a surge in ES, momentarily probing into positive territory attacking 2091.00.

If, then…
If the bearish WedEX is at all influential Friday afternoon, then it should be very influential Monday morning, following the downward drift with an aggressive slide. Not sliding through the open would significantly undermine that bearish influence, and possibly point higher for the day — if not also for the week. Potentially bullish holiday seasonality ahead of Thursday’s Thanksgiving closure suggests that any downdraft this week must run its course by Tuesday’s close.

First Trade…
CORRECTION: Exiting the open at 9:45 above 2085.00 would be less likely to trigger the 2082.50 bias-down signal at 10:15. Exiting the open under 2079.00 would be likely to trigger bias-down.