The First Trade & Pre-open Tour Recording… Holding tight.

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

NEW 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…
Friday’s 2370.50 gap up immediately retraced 61.8% of Thursday afternoon’s pullback. Extending higher through the afternoon bias environment exit touched 2388.00, when a a headline triggered a dip to 2378.00. Although was in-line with the bearish WedEX, it may have been more influential in preventing the close from recovering the 2383.50-2384.00 noon hour entry. “Unfinished business above” at 2389.50 was left outstanding.

Overnight action’s new info…
Overnight action doesn’t lack volatility, but its range relatively has been relatively narrow, and contained. Quickly firming up to 2384.00 quickly turned sideways. Ranging narrowed and dips became shallower as 2384.00 continued holding as resistance, being probed up to 2385.25. Europe’s opens triggered a drop back down toward Friday’s late 2378.00 low, only to bounce back up to 2384.00.

If, then…
Friday’s late drop hasn’t been disproved. If it were only a reaction to news, then it is vulnerable to being recovered almost immediately Sunday night. But this near the open and still holding 2383.50-2384.00 suggests the news only coincided with the bearish WedEX influence. There’s too much ground to cover for that influence to be obvious soon after the open, and yet also test Friday’s unfinished business above at 2389.50. One is likely to be avoided, or at risk of it.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2387.25 would be likely to trigger the 2386.50 bias-up signal at 10:15. Exiting the open under 2383.50 would be unlikely to trigger bias-up.

Phonetic dictation…
good morning and welcome it is Monday cyber Monday’s Morning Market or not a lot going on but that his usual that’s what’s going on because Friday afternoons and drop which imported with the bare Esthetics influence but finally comported with it because prices have been rising and had risen out above the new during the bear sweater collapsed and didn’t recover the new towers entry and so that was in line the thing is the Catalyst was a headline so reason to be a little suspicious but maybe that reasons a little diminished now because overnight action Sunday nights open alone didn’t immediately recover that late break which if that had been a week and it dropped alone instead of being influenced by an organic Factor like the bare Esthetics then that should have been recovered in tirely now there are other influences along the way so that develop over the weekend that might also be suppressing price what price would have or should have recovered 8350 84 where the afternoon to buy some vitamins or new tower begin its not what I meant was that it hasn’t so still though if the Bears when I was going to be influencing this morning’s price action than it should be influencing it no later than 945 The Open is allowed to get some bounce out of the way that fails looks like we’re going to be opening not far from flat and not close to or not that far away from them from Friday’s High Fridays alaihis of its retest there as possible we’re just so close to the open and it’s still not happening so it’s less and less likely and by the same token it’s still far enough away that its rejection is more difficult as well having said that though you have some really ever does get in the way this late this close to the open after the entire overnight has been spent training sideways then there’s actually a less less or lower possibility of trending up through it so regardless of trending down once we get out of the open if there’s a leak glow back so late pre-open rally it’ll still be suspicious got to get out of Friday’s late High Friday night before suggesting that were rallying this morning and that’s to the open not at least try to buy a alright markets so we got strength there’s the Aussie Thursday night Friday probably in a little bit higher this morning pound still in this space that is consolidating basically we’re not even dating anymore but I just waiting above or at the prize that got blindsided on Thursday and pop right back up on Friday Thursday night actually the Looney which is continuing to advance and resuming that continue continued advancement of that inverted Head and Shoulders set up and then you which had some comments Merkel Germany blamed its low valuation on their own lives and so that said that it is silver and gold both higher now silver buy biking up basically destroy potential Island that was in fact the reversal but I know one day basis doesn’t really do any do any good but spiking up to 1717 basically attacking 17 or testing 1709 & 1709 is recovered through the clothes that’s going to spell it completely different pattern then the one that is still targeting 1595 it would be a bottom but that Line in the Sand is closing above 1709 second cuz I required to but I’d be suspicious that it doesn’t happen but not as strongly right up to the same what happens support 1256 Thursdays or Wednesdays actually test of 12 only couple days because .