The First Trade & Pre-open Tour Recording… IMPORTANT PROGRAMMING NOTE.

SITE REDESIGN: You may might notice some minor aesthetic changes when logging in today. There’s a little more serious stuff happening on the back-end which shouldn’t effect you. Regardless, please contact me ASAP if you encounter any difficulty accessing any part of the site the way that you want to access it. Thank you!

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…
Friday’s open was greeted by sideways ranging that never probed Thursday’s test of 2677.00 resistance, but also not rejecting it. Post-open action didn’t probe higher either, never stretching the rubber band. So, a drop to 2658.00 lacked the momentum of a rubber band snapping back. The drop was retraced almost as quickly. The balance of the session copied the overnight pattern and ranged sideways, never probing 2677.00 resistance, but also not rejecting it.

Overnight action’s new info…
A delayed open seemed to have a lot of pent-up buying pressure. Spiking up 9-10 points from Friday’s 2669.00-2671.50 close was retraced quickly. Then it was recovered gradually. And extended, for awhile. Attacking 2681.00 was later improved to 2682.25, and its reaction down is attacking the 2677.50 interim low.

If, then…
Without rejecting the ongoing test of 2677.00 on a timely basis, fresh highs became more possible. Now they’re being tested, above 2681.00 and not quite attacking 2684.25. Fresh highs are still vulnerable to reversing down, albeit a little less so, and probably not if maintained much past noon. Extending higher would target 2693.00 and 2703.00.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2681.00 would be likely to trigger the 2678.25 bias-up signal at 10:15. Exiting the open under 2674.00 would be unlikely to trigger bias-up.