The First Trade.,, Pausing here won’t be refreshing.

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 modest gap up to the morning”s 2121.75 bias-up signal had reacted down under Friday”s highs to 2116.50, putting into play a test of the bias-down signal. But that singular bearish influence was overwhelmed by the bullish WedEX and several other bullish factors. The bias-up signal was recovered on the way to afternoon highs testing the 2126.00 area. A failed attempt to gain traction was reversed down to attack 2119.00. Unfinished business was left outstanding at the afternoon”s 2128.25 bias-up target.

Overnight action”s new info…
Flat-to-higher ranging tested 2125.00 into Europe”s opens. Reacting back down to the 2120.50 area is trying to firm again.

If, then…
Having failed to gain traction yesterday afternoon, extending the rally this morning all but requires gapping up through yesterday”s highs. The alternative would at least back-and-fill, probably down to 2103.00. Unlike a rally”s gap up origin, a path down has no specific characteristic, such as its slope.

First Trade…
Exiting the open at 9:45 above 2127.00 would be likely also to trigger the 2125.50 bias-up signal at 10:15. Exiting the open under 2119.00 would be unlikely to trigger bias-up.