The First Trade & Pre-open Tour Recording… Doom delayed, not denied.

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…
Dipping overnight into Wednesday’s open extended down to Tuesday’s noon hour low, and held the morning’s 2807.75 bias-down signal. The offsetting test of its 2816.00 bias-up signal attracted price higher. Tuesday’s highs were probed up to 2818.00 as the noon hour began, and again as the session ended, with an interim dip to 2813.00. The close was still testing 2816.75, and not exceeding it which would have put into play higher objectives. No higher targets or objectives are in-play. WedEX triggered passive-bearish, for having held relevant resistance without creating higher unmet targets.

Overnight action’s new info…
Doomed to failure was apparently delayed to failure. Wednesday’s reaction down from retesting 2818.00 extended down to attack 2814.00 at the Globex open, then returned to 2818.00. Dipping back down to 2814.00 a second time didn’t hold, and has trended back down to probe yesterday’s 2806.75 low by 2 ticks.

If, then…
Gapping up and extending above 2818.00 seems to be off the table, so the bearish WedEX won’t be adjusted. But opening under 2809.00 can adjust the passive signal by proxy to active. Opening under 2809.00 and recovering it through the open would be bullish for the WedEX signal, which won’t be influential until tomorrow afternoon. and also bullish for this morning to at least probe above 2818.00. Otherwise, a bearish morning will depend upon whether the open tests only 2809.00 or also yesterday’s 2806.75 low, and then whether the test holds.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2809.00 would be likely to trigger the 2811.00 bias-down signal at 10:15. Exiting the open above 2814.75 would be unlikely to trigger bias-down.