The First Trade… Pre-expiration headlock.

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 2113.50 open had gapped up 9-12 points from Wednesday”s closes, above all of the week-long upleg”s prior intraday highs. The session extended higher through the close to touch 2118.50. Buyers barely avoided gaining traction for their efforts.

Overnight action”s new info…
Narrow, sideways ranging has been twice touched Thursday morning”s 2115.00 high while attacking its 2118.50 afternoon high to within 1 tick. The highs are being attacked again, now.

If, then…
This being expiration and, of course, a Friday, several signals and setups are working. The bullish WedEX is their main filter. Its inversion to bearish would start becoming likely if the opening 15 minutes of volatility were to trend down, and/or if the open were to gap under yesterday afternoon”s 2113.00 low. Otherwise, the the afternoon”s bullish WedEX influence remains likely, even if this morning”s bias-down were the only bearish setup triggered. Meanwhile, let the the narrow overnight range lull you into complacency — expiration”s open can begin trending from a standing stop.

First Trade…
Exiting the open at 9:45 above 2121.75 would be likely also to trigger the 2119.75 bias-up signal at 10:15. Exiting the open under 2111.75 would be likely to trigger the 2112.75 bias-down.