The First Trade… Reset to rocket up?

Through the prior close…
Surging 6-7 points into and out of Monday”s open quickly fulfilled its likely objective to retest Friday”s 2106.75 high. The balance of the choppy session ranged sideways, until a last-minute 6-7 point dive from 2101.00 extended through 2095.00 into and out of the close. The morning”s 2110.25 bias-up target became “unfinished business above.

Overnight action”s new info…
Narrow ranging around 2094.00-2096.00 didn”t reject Monday”s last-minute drop. Neither did it extend it. But a probe lower after Europe”s opens did snap back up sharply from testing 2092.00, all the way up to 2101.00.

If, then…
Gapping up above yesterday afternoon”s 2106.00 high would form a “session-long rally” setup. That”s the only path for resuming the rally without being likely to reverse back down this afternoon. Gapping up is not currently indicated, but just opening back above the 2101.00 inflection point of yesterday”s late dive could still probe back above yesterday”s highs intraday. Retesting the overnight lows isn”t otherwise necessary, but they would be unlikely to hold, and more likely to back-and-fill on the way down to retest Thursday afternoon”s “lower prior highs” at 2083.50.

First Trade…
Exiting the open at 9:45 under 2096.00 would be unlikely to trigger this morning”s 2102.00 bias-up signal at 10:15, and likelier at least to test the 2092.50 bias-down signal. Exiting the open above 2104.50 would be likely to trigger the 2102.00 bias-up.