The First Trade… Not for lack of trying, deux.

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’s pre-open bounce from 2072.00 had attacked 2088.00, but the 2082.00 open was already resuming the overnight slide from 2095.00. It extended down to 2065.00 through the bias timing window, and then to 2056.00 through the noon hour. Oh, and down to 2040.00 through the afternoon bias environment. The final hour didn’t extend down, so the decline did not gain traction.

Overnight action’s new info…
Firming above 2047.50 into Thursday’s close soon tested 2057.50.  Eerily relentless narrow ranging finally broke higher into Europe’s opens. Yesterday’s bias environment high was attacked to within 3 ticks at 2062.75. Sideways ranging quickly resumed, albeit more choppily

If, then…
More overnight excessive optimism ahead of this morning’s Employment Situation report? Wednesday afternoon’s bias environment high was touched overnight before plunging into yesterday’s open. Last night’s bounce to Thursday afternoon’s bias environment high seems to set the same stage. Knee-jerk reactions are likely after the news. But the open must establish some relevant recovery to avoid melting down again into the weekend.

First Trade…
Preliminary indications aren’t considered ahead of Employment Situation reports.