The First Trade & Pre-open Tour Recording… Picking right up.
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…
Already firming 8 points into Friday’s 2856.00 open was extended up to 2877.00 by noon. That was 3 points back above the prior week’s highs, whose test defined the balance of the session. A dip to 2871.00 into the afternoon bias timing window was recovered only enough to hover 1 point pessimistically short of touching the morning’s highs. Exiting the afternoon bias window entering the final hour within the prior timing window’s range failed to gain traction.
Overnight action’s new info…
Sunday night’s open surged immediately 4 points up to 2881.00. Higher highs were soon testing 2883.00. It was probed by 5 ticks into midnight, basically ranging flat-to-higher from 2881.25 to 2884.75 .
If, then… (notes to accompany the Tour recording)
The next higher objective at 2883.00 — which is also this morning’s bias-up target — was thoroughly tested overnight. Another new intraday high was all but required by Friday afternoon’s ranging, whether immediate, or as the recovery from gapping down under its 2871.00 low.. Another new high close is still possible, if not also required. But the overnight new highs don’t make an intraday high or new high close any more assured — not yet, not until coming to within 60-90 minutes of the open. The overnight range’s characteristics that are similar to Friday afternoon make it similarly vulnerable to greeting the open either above or below its 2881.00-2885.00 range.
First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2880.50 would b elikely at least to trigger the 2778.00 bias-up signal at 10:15. Exiting the open above 2887.75 would be likely to exceed the 2883.00 bias-up target at 10:15 to renew the bias-up signal, next targeting 2892.25 and potentially 2900.00.