The First Trade & Pre-open Tour Recording… Unbounded.

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…
Sunday night’s choppy ranging was flat-to-higher, until Monday’s post-open surge probed above Friday’s 2834.50-2836.50 highs to 2841.00. The bearish WedEX was in hibernation until the bias environment’s last half-hour retraced it all by collapsing back down to the 2830.00 open. This isolated the morning’s probe above of prior highs, which would have formed a top by closing back under the morning’s 2829.50 low. Instead, the balance of the session rallied back up to Friday’s 2834.50-2836.50 highs, and then back up to the morning’s 2841.00 high. This satisfied the eventual higher close required by Friday’s new trend high close.

Overnight action’s new info…
Monday’s late surge back up to the morning’s highs didn’t pause as it extended through the Globex open to 2843.50. A pullback attacked 2839.00 before recovering to a higher high attacking 2845.00. The 2841.75 bias-up signal provided a shelf of support as price consolidated through midnight, and also through Europe’s opens. The range eventually finally broke, higher, sharply higher, now testing 2853.00. The overnight high includes complexity that qualifies it as a “new Globex trend extreme” requiring eventual intraday retest, often the same day.

If, then… (notes to accompany the Tour recording)
Two strong-handed sponsorships battled at the highs Monday, so it was unlikely Tuesday’s pattern would just range narrowly. Monday morning’s isolated probe avoided reversing momentum down, but the reversal attempt was made. Yesterday afternoon’s buyers didn’t gain traction for their efforts, but the overnight rally is going to ask intraday buyers to immediately reinforce yet higher prices. Gapping up above all prior highs will leave an anchor wanting to be retested from below, in case of an immediate post-open reversal down.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2848.75 would be likely also to exceed the 2847.75 bias-up target at 10:15 to renew the bias-up signal, next targeting 2853.25 and potentially 2857.00. Exiting the open above 2846.00 would be likely at least to trigger the 2841.75 bias-up signal at 10:15.