The First Trade… Last chance to blast.

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…
Thursday afternoon”s rally recovered to close back above 2118.00, which isolated its probe to intraday. That intraday test of 2112.00 support (down to 2110.50) had marked the deepest dip to be considered as a pullback. Dipping any deeper intraday than to test 2112.00, or closing any lower than 2118.00, would have signaled a reversal back under Tuesday”s lows. Positive territory was avoided entirely, until a post-close surge (i.e. weak-handed) up to 2122.50.

Overnight action”s new info…
Flat-to-lower ranging once again began trending into Europe”s opens. And once again, trending plunged, soon touching 2112.00. The consolidation there didn”t extend down. Au contraire, it launched a surge back up to 2122.00. Its reaction down is touching 2118.00 as support.

If, then…
Already recovering above 2118.00 at yesterday”s open would have been expected to surge through the morning. Recovering through the close need not rally any more powerfully, but delaying it much past the open would again suggest another dip underway back down to 2112.00. This pattern can absorb that selling pressure only during an irrelevant timing window. And having done that overnight already, repeating it intraday would start making new lows likely.

First Trade…
Exiting the open at 9:45 above 2121.25 would start making the 2122.50 bias-up signal likely to trigger at 10:15 — more so, if 2124.00 were recovered at 9:45. Exitig the open under 2113.00 would be likely to trigger the 2115.00 bias-down signal at 10:15.