The First Trade… Try, try again and again.

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…
Wednesday”s session was contained by Tuesday”s “equilibrium” signal. A pre-open surge to 2105.75 was retraced to 2096.00. A post-open surge retested the pre-open surge, and was retraced even faster to 2093.00. Afternoon choppiness continually returned down to 2093.00, but a late probe of it reacted back up into the close.

Overnight action”s new info…
Wednesday”s late reaction up initially extended to 2098.50. Sliding touched 2092.00 soon after Europe”s opens, and reacted back up abruptly. Yesterday”s 2105.75 pre-open high was touched to within 1 tick, and price has hovered under there since then.

If, then…
Here we go again? There”s a difference between yesterday”s rally effort, and today”s. The promise of yesterday”s trending efforts were vulnerable to their equilibrium origin, which prevented them from extending. Yesterday”s trending attempts were the product of a signal that both launched them and reversed them. Today”s trending is the signal, launching from yesterday afternoon”s setup that requires trending to begin by gapping up or surging immediately. This trending attempt”s promise is vulnerable, too, and not extending higher post-open could retrace back to yesterday”s lows with little hesitation.

First Trade…
Exiting the open at 9:45 under 2098.50 would make the 2099.50 bias-up signal unlikely to trigger at 10:15. Exiting the open above 2101.50 would be likely to trigger bias-up. And exiting the open above 2109.00 would be likely also to recover the 2105.00 bias-up target through 10:15 to renew the bias-up signal.