The First Trade… Slow and steady is not a race.

Proper context can start the day with a solid win and make all the difference.

CHARTROOM LINK(s)
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)

Through the prior close…
Thursday morning”s recovery from the overnight dip into negative territory was able to extend higher through the bias environment. But not beyond, other than a blip-up before the close. Otherwise, choppy ranging throughout the afternoon was centered around 2128.00-2130.25. No traction was gained for the effort, only a new high close, which occurred without probing prior highs.

Overnight action”s new info…
The relatively narrow, choppy range has persisted. Alternating between probing 1-2 points under 2128.00, and piercing 2130.25 above.

If, then…
This being a Friday, the morning”s bias tends to persist through the noon hour. This being a .three-day weekend, thinning participation makes trending difficult to start, and difficult to end once started, or to reverse if ended. Low-volume environments can reflect the will of weaker-handed participants, so the strong-handed distribution up here I”ve been documenting doesn”t prevent a break higher from extending in this low-volume environment.

First Trade…
Exiting the open above 2131.00 would be likely at least to test the 2133.00 bias-up signal. Exiting the open at 9:45 under 2125.25 would be unlikely to trigger the 2133.00 bias-up signal at 10:15. Exiting the open under 2121.75 would be likely to trigger the 2123.25 bias-down signal.