The First Trade… Waiting for the first to blink.

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…
Monday”s gap up to 2084.75 was well above the morning”s bias-up target, and it still extended 6-1/2 points higher. A pullback into the noon hour”s 2086.00 low wasn”t recovered enough to trigger the afternoon”s bias-up signal. But when the environment began lapsing, having avoided multiple opportunities to reverse momentum down, the balance of the session trended up to 2094.75.

Overnight action”s new info…
Relatively narrow ranging did manage to touch a fresh high at 2095.25 before dipping down to 2091.50 into Europe”s opens.. Price has since firmed back to yesterday”s 2094.75 high.

If, then…
Yesterday”s surge recovered relevant levels too late to reflect the rally gaining traction. Extending higher overnight would have given the rally credibility. Trending up above relevant levels through the open could still reflect strong-handed buyers being attracted. Having hovered optimistically throughout the night, extending higher would be more credible if appearing much sooner, rather than later. And until extending higher, the pattern meanwhile is vulnerable to at least a corrective dip with potential down to 2077.00.

First Trade…
Exiting the open at 9:45 under 2086.50 would be likely also to trigger the 2089.00 bias-down signal at 10:15. Exiting the open above 2099.25 would be likely to trigger the 2096.50 bias-up signal.