The First Trade… There is a pulse.

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…
Friday”s Employment Situation Report had reacted down to fresh lows, under a multi-session range whose lower-end had been under attack already. A steep bounce into the open didn”t prevent the intraday crowd from immediately reversing back down to fresh lows at 2083.50. And that didn”t prevent an even steeper bounce to 2099.75. But neither leg extended, as the balance of the session ranged choppily sideways into a slightly lower close around 2091.00.

Overnight action”s new info…
Relatively narrow sideways ranging has been centered around 2091.00. A brief dip down to 2086.50 around midnight was recovered back to the range”s 2093.00 upper-end. It was exciting.

If, then…
Oversold RSIs at Friday”s 2083.50 low require an eventual retest. Meanwhile, Friday morning”s 2104.25 is unfinished business above. Neither attraction need be tested in either order, and neither test need reverse immediately to fulfill the other. The value now to each comes more so from whether the timing window is exited beyond either, which would suggest the next lower objective in-play. If lower, that would be 2081.25 and possibly 2078.75.

First Trade…
Exiting the open at 9:45 under 2083.50 would be likely also to trigger the 2086.50 bias-down signal at 10L:15. Exiting the open above 2095.00 would be unlikely to trigger bias-down. And opening above 2098.50 would be likely to trigger the 2096.00 bias-up signal.