The First Trade & Pre-open Tour Recording… A pulse.

Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Monday night’s retest of 2884.50 resistance had held once again, this time with help from China tariff headlines that triggered a slide to 2867.25 through Tuesday’s open. That test of both bias-down parameters held, and offsetting tests of both bias-up parameters were fulfilled as the bias window ended and as the noon hour began. Things went sideways from there, ranging around the morning’s 2890.75 bias-up target and the afternoon’s 2891.25 bias-up signal, down to 2887.50. No new unfinished business was left outstanding, and no traction was gained.

Overnight action’s new info…
Volatility wasn’t much different overnight than it was Tuesday afternoon, but it was more productive. Initially flat-to-lower, a dip to 2886.25 was recovered back up to and through Tuesday’s highs to 2895.25. Coming within 3 ticks of “unfinished business” at 2895.50 has neutralized it, and price has since dipped back down to 2890.75.

If, then… (notes to accompany the Tour recording)
Without gaining traction Tuesday afternoon, immediately resuming the morning’s rally Wednesday would require gapping up above 2893.00. Currently, only probing temporarily above Tuesday’s high isn’t indicating a gap up… or a gap down. And having probed overnight above yesterday’s intraday high, exiting the open under the 2888.00 earlier overnight lows would reverse trending down for at least this morning — if not also through tomorrow morning. Overnight highs neutralized the 2895.50 objective, so maintaining its recovery should point higher. Reversing down could test “lower prior highs” at 2882.00-2883.00 simply as noise.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2895.50 would be likely to trigger the 2894.00 bias-up signal at 10:15. Exiting the open under 2890.75 would be unlikely to trigger bias-up.