The First Trade… I thnk I can, I think I can.

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”s open gapped under 2077.00 and probed under 2073.00 down to 2062.00. A late surge originated both too late and too early to be sponsored by strong hands. It managed to end at 2073.00, but not above it, let alone above 2077.00. If not for being a Friday, which can be noise, then the close would have put into play the next downleg.

Overnight action”s new info…
Sunday night”s open barely delayed extending higher, and eventually touched 2080.75. Europe”s opens changed the sentiment, launching a drop to 2074.00. It lasted just over an hour, and then took less time to recover almost entirely. An errant tick just touched 2081.00.

If, then…
2081.00 is about 2 points short of being the difference between refueling sellers, and trapping them. Exiting the weekend with extreme sentiment can often be a sentiment extreme. It”s difficult enough already for mid-week overnight rallies to bleed into the following session. Gapping open sharply on Mondays has a small window to attract new sponsorship. Meanwhile, just temporarily correcting Friday”s break under 2077.00 has resistance up to at least 2082.50 that must be recovered almost immediately, or else retrace the gap and then some.

First Trade…
Exiting the open at 9:45 above2080.00 would be likely also to trigger the 2077.00 bias-up signal at 10:15. Exiting the open above 2084.25 would make the 2082.50 bias-up target likelier to be exceeded through 10:15 to renew the bias-up signal. Exiting the open under 2073.00 would be unlikely to trigger bias-up.