The First Trade… Freeze.

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 above Tuesday”s 2076.75 high (basis Sep) wasted no time extending higher Wednesday to exceed the bias-up target. Renewing the bias-up signal next targeted 2092.00, which was met by late-morning. Then Greece news triggered a spike up to 2100.00, and the balance of the session ranged narrowly back to 2095.00. Buyers gained no traction for the effort, since both the bias environment exit and final hour entry were within the noon hour”s range.

Overnight action”s new info…
Yesterday afternoon”s narrow 2095.00-2100.00 5-point range has persisted through the night..

If, then…
Is the market walking on eggshells awaiting Greece”s next phase? Apparently. No other headline has its presence or its consequence, and things are happening. Just keep in mind that the first break from an extended narrowing range tends often to be false. This 5-point range is certainly extended, but night quite narrowing. Also, having contained the prior afternoon”s three timing windows within the same range, this morning”s timing windows can be contained if the open isn”t trending.

First Trade…
[The front-month rolls forward from Jun to Sep at this morning”s open] Exiting the open at 9:45 above 2101.50 would be likely also to trigger the 2098.75 bias-up signal at 10:15. Exiting the open under 2090.75 would be likely to trigger the 2093.75 bias-down signal.