The First Trade… The coast is kind of clear.

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…
Rewarding Monday’s rally for having gained traction left the session vulnerable at 2063.50 to at least a pullback. The market seemed eager to process that cycle, already fulfilling the afternoon’s 2050.50 bias-down target within minutes of triggering its 2056.00 signal. In fact, its reaction had bounced to probe back above the bias-up signal, postured to resume the rally once the bias would begin lapsing. But a terrorist plot discovered in Germany injected another downleg to 2046.50 and 2041.50, ending the day back at the morning’s lows.

Overnight action’s new info…
Before the close, a second plot’s discovery had failed to trigger more selling. Firming into the close up to 2050.75 had initially firmed further into the Globex open up to 2052.00. The balance of the night drifted back down to 2043.00, still contained above yesterday afternoon’s lows. Anti-terrorist operations in Paris hasn’t exacerbated the slide. In fact, the reaction to those operations winding down is surging back into positive territory and probing fresh overnight highs at 2053.50.

If, then…
There remains potential for extending this stage of the rally to 2068.00 before becoming vulnerable to its next significant correction or trend reversal. A repeat of Friday night’s actions would likely end that upside effort. Meanwhile, a couple of Fed speakers and FOMC Minutes lie ahead.

First Trade…
Exiting the open at 9:45 under 2050.00 would be unlikely to trigger the 2055.00 bias-up signal at 10:15. Exiting the open under 2045.50 would become slightly likelier to at least test the 2040.50 bias-down signal by 10:15.