The First Trade & Pre-open Tour Recording… Tariff news.

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…
Rosh Hashanah holiday worship had its usual impact on market volume Monday, inhibiting both trending and volatility. An overnight bounce touched 2886.75, neutralizing its attraction above. A post-open blip-up to 2888.25 held the retest, as well as both bias-up parameters. Offsetting tests of both bias-down parameters was put into play at 2871.00 and 2864.75. Reversing down through the noon hour got to only 2876.50, before ranging sideways around 2777.00-2780.00 through the close.

Overnight action’s new info…
Firming steadily recovered up to 2885.00 by midnight. Hovering there into Europe’s opens gradually weakened, and then slipped to 2780.50. A 45-minute Flag collapsed 10 points to attack 2871.00 before 1-minute RSI finally diverged positively. A bounce up to 2876.00 is still consolidating.

If, then… (notes to accompany the Tour recording)
No traction was gained yesterday, so trending beyond its range this morning all but requires gapping open, which is currently indicated. Recovering to open within yesterday’s range that tries trending beyond it would be likely to fail. Meanwhile, having neutralized the 2871.00 “unfinished business” put into play yesterday morning — it’s also this morning’s bias-down target — opening under yesterday’s range would be likely also to test 2864.75 today, and be vulnerable to new pullback lows targeting 2857.00. Upside attractions at 2892.25 and 2895.50 can’t be considered until at least rallying back into yesterday’s range.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2879.50 would be unlikely to trigger the 2877.00 bias-down signal at 10:15. Exiting the open under 2875.75 would be likely to trigger bias-down.