The First Trade & Pre-open Tour Recording… A target is met, a setup is formed.

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…
Thursday’s last-minute 2801.00 high was still overlapping Tuesday’s prior high, but not rejecting it. Unfinished business above was left outstanding at 2804.00. Friday’s flat open dipped just enough to test the 2793.50 bias-down signal. Its reaction soon extended to fresh highs testing 2806.00, and soon peaked. The balance of the session ranged narrowly sideways between 2801.00-2806.00. Thursday’s touch of February’s 2800.75 pivotal high was not rejected, confirming the attractions above to ate last 2809.00.

Overnight action’s new info…
Sunday night’s open spiked up to 2809.00 and ranged narrowly sideways. Tests of 2804.00 as support held through Europe’s opens, but an attempt to resume the earlier rally has been rejected by fresh overnight lows down to 2802.25. Its reaction up tested 2804.00 as resistance and has reversed down to fresh lows at 2800.50.

If, then…
An overnight probe above the prior session’s high has threatened to reverse back under the earlier overnight low. The differential between high and low is relatively narrow, but sufficient to trigger a downtrending morning. Probing the earlier overnight low post-open but then recovering it could resolve as bullishly as its failure would have been bearish. And then retesting the 2809.00 overnight high or probing it up to 2813.00-2816.75 would be likely before becoming vulnerable again to reversing down.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2807.75 would be unlikely to trigger the 2809.00 bias-up signal at 10:15. Exiting the open above 2811.00 would be likely to trigger bias-up. Exiting the open above 2804.00 would be unlikely to trigger the 2797.75 bias-down signal.