The First Trade & Pre-open Tour Recording… Flat and narrow.

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…
Surging from 2895.00 after Europe’s opens had extended well above the long-awaited likely test of 2902.00, probing its room for noise up to 2911.00 by 1 point. The post-open surge attacking 2915.00 held up high enough for long enough to suggest that any reversal would be relatively shallow and temporary. In fact, its reaction down did hold a 38.2% retracement of the open’s gap, natural support. Being a Friday and failing a reversal attempt during the morning’s bias environment, the window’s exit firmed. Reversing back up through the afternoon’s bias environment was resisted by 2911.00 until the very last-minute blipped-up to 2913.00.

Overnight action’s new info…
Sunday night’s open blipped-up, too, attacking 2914.00. But that was only the high of a sideways range that has persisted through midnight and Europe’s opens. The range’s lower-end has held multiple touches and pierces of 2910.00 as support. And now 2914.00 is being retested.

If, then… (notes to accompany the Tour recording)
Friday’s new trend high close, being a Friday, all but requires at least an eventual higher close. Not necessarily immediately today. Initially probing higher would still be vulnerable to a corrective dip, whether intraday or multi-session. More so, only having ranged sideways overnight, initially probing higher OR lower would be likely to reverse back into the overnight range. Meanwhile, the quarterly earnings onslaught continues.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2915.00 would be likely to trigger the 2914.00 bias-up signal at 10:15. Exiting the open under 2908.50 would be unlikely to trigger bias-up.