The First Trade… Marginalized sellers, yet?

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…
Monday’s gap up returned to the 2013.75 overnight high after having dipped pre-open to 2006.00-2007.00. The opening strength didn’t extend, and eventually capitulated back under 1996.00. That essentially filled the gap back down to Friday’s close, and essentially fulfilled the bearish WedEX. The noon hour’s bounce up to 2006.00-2007.00 was retraced back toward the low, and then recovered again into the close.

Overnight action’s new info…
The close’s recovery of 2006.00-2007.00 had extended 5 more points into the cash session close and 10 points by the 2016.00 futures close. That eventually extended to 2023.25 overnight, until Europe’s opens triggered a dive attacking 2006.00-2007.00. Now that is being recovered to 2020.00.

If, then…
Yesterday’s late surge was targeting 2006.00-2007.00. Extending through it to whatever degree, even by 15-16 points to 2023.00, didn’t prevent dipping back down overnight to 2006.00-2007.00. Breaking under it would reinstate the retest of Friday’s 1991.00 low. That window remains open, but probably not past this morning as seasonal influences start inhibiting trending — if they haven’t already begun.

First Trade…
Exiting the open at 9:45 under 2006.00 would be likely also to trigger the 2007.00 bias-down signal at 10:15. Exiting the open above 2012.00 would be unlikely to trigger bias-down. Exiting the open at 9:45 above 2018.00 would be likely to trigger the 2015.00 bias-up signal at 10:15.