The First Trade & Pre-open Tour Recording… Squeezing in a dip?

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…
Tuesday’s gap up to 2803.00 was already retracing the 2906.25 pre-open high, which was a “new Globex trend extreme.” The balance of the morning trended down to 2894.25, then ranged sideways back up to 2901.00 through the close. It was the third consecutive morning to trend through the bias window’s 11:30-noon exit. And it was the fourth consecutive afternoon to range sideways, gaining no traction. The morning’s 2892.25 bias objective is “unfinished business” below.

Overnight action’s new info…
Upon further thought? Tuesday afternoon’s range immediately broke higher, reaching 2905.00 by midnight. Ranging narrowly there started breaking lower into Europe’s opens, back to unchanged at 2899.00.

If, then… (notes to accompany the Tour recording)
The 2906.25 new Globex trend extreme requires an eventual intraday retest. So does the gap back up to Tuesday’s 2903.00 opening print, being above all prior highs. Their retest is likely to extend up to 2909.00. Their retests seemed to be underway last night, until the initial overnight rally was retraced back down to its origin. But not reversed… not, yet. Any dipping ahead of holiday bullishness should be completed today or early tomorrow. Unfinished business below at 2892.25 could be tested down to 2884.50 or 2880.25.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2901.50 would be unlikely to trigger the 2902.50 bias-up signal at 10:15. Exiting the open above 2898.25 would be unlikely to trigger the 2893.25 bias-down signal.