The First Trade & Pre-open Tour Recording… Morning bears are hibernating.

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 opened back under the earlier 2784.50 Globex low. This isn’t in itself relevant lot, but it’s bearish after having probed the prior day’s high overnight. Which Wednesday’s night’s 2798.00 had done, forming a bearish Globex-flip setup. The 2778.00 open extended down 9 points to 2769.00 through 10:15, then ranged flat-to-higher back up to the open. Noon’s attack on 2782.00 launched the next downleg to eventually form a Double Bottom attacking 2764.00. The last half-hour’s bounce attacked 2776.00 at the close.

Overnight action’s new info…
Flat-to-lower ranging through midnight held support at 2770.75 support. That was Thursday’s last identified sell signal left untriggered through the close. It remains untriggered, as price action since midnight rallied 16 points to test 2787.00.

If, then… (notes to accompany the Tour recording)
Not rallying yesterday afternoon suggests that the bearish Globex-flip will influence this morning, too. Its trigger was 2784.50, which is being probed now as resistance. Recovering 2784.50 through the open would start to undermine this morning’s bearish influence. But that would be only a warning, while gapping up above Wednesday’s 2788.00 highs would suggest the 2798.00 “new Globex trend extreme” retest is underway, first.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2788.00 would be likely also to exceed the 2784.50 bias-up target and renew the bias-up signal next targeting 2793.50. Exiting the open at 9:45 above 2781.50 would be likely at least to trigger the 2779.00 bias-up signal at 10:15.