The First Trade… Yuance is never enough.

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 2086.00 had been retraced already overnight in reaction to the Yuan devaluation. Bouncing from 2080.50 through Tuesday”s open soon resolved back down to eventually test 2070.75. Bouncing through Tuesday afternoon came within 1 tick of its 2082.25 target, closing back above 2073.00-2077.00”s relevant support.

Overnight action”s new info…
Firming up to 2085.25 and ranging there narrowly for an hour suddenly plunged 17 points in reaction to more Yuan weakness. Probing under Tuesday”s low fell to 2067.25, which had narrowly avoided becoming targeted by Tuesday afternoon”s bias signal. Ranging down to 2065.00 eventually broke quite a bit lower to 2053.75. Its reaction is testing 2064.00 as resistance.

If, then…
Delaying the test of 2067.25 until Wednesday had made it likelier to be probed regardless of its resolution. Probing it overnight would still be able to recover through Wednesday”s open and form a more durable bottom. The minimum requirement to suggest sellers may be absorbed would be back above 2067.00-2070.00. But this still wouldn”t assure that another rally leg was ready to begin.

First Trade…
Exiting the open at 9:45 back above 2069.50 would make the 2067.25 bias-down target”s recovery through 10:15 likely, too, to avoid renewing the bias-down signal. Exiting the open under 2064.00 would be unlikely to recover the 2067.25 bias-down target in-time to avoid renewing the bias-down signal.