The First Trade & Pre-open Tour Recording…

Proper context can start the day with a solid win and make all the difference.

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

In this morning's pre-market Tour, I listed the incorrect econ reports for today. They are post-open, and only LEI is both high-profile and has a track record of influencing price action.
...Rod

Through the prior close...
Thursday's backing-and-filling was likely after having surged for five consecutive sessions since a breakout, and then entrenching the trend with a bullish WedEX. Drifting overnight still greeted the 2348.00 open up 5 ticks from Wednesday's cash session close, and then surged 2 points. Sliding down to 2336.75 probed under the morning's bias-down signal and also neutralized "unfinished business below" from Wednesday. The balance of the session bounced choppily up to 2347.25.

Overnight action's new info...
Initially dipping to 2343.00 was recovered entirely up to 2347.50. But only momentarily before giving it all back, and greeting Europe's opens back down at 2343.00. And that was only momentary, too, as price soon broke sharply lower to within 1 tick of Thursday's 2336.75 low. Its reaction has bounced to test 2341.00.

If, then...
Wednesday's rally had gained traction for its efforts, which wasn't invalidated, so it should still be fulfilled by probing higher. The bullish WedEX also suggests probing higher, or at least recovering from any dip. The first influence should inhibit a durable drop, and the second influence should facilitate firming or rising through the afternoon. Neither of which prevents the morning from consolidating, if not also backing-and-filling to lower levels.

First Trade...
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2342.00 would be unlikely to trigger the 2339.75 bias-down signal at 10:15. Exiting the open under 2338.00 would be likely to trigger bias-down.

The First Trade & Pre-open Tour Recording…

Proper context can start the day with a solid win and make all the difference. NEW DAILY SCHEDULE First, watch the pre-open Tour recording HERE <<== Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A Through the prior close… Wednesday’s weak open duplicated Tuesday’s opening weakness. No-bias was triggered without touching […]

The First Trade & Pre-open Tour Recording…

Proper context can start the day with a solid win and make all the difference. NEW DAILY SCHEDULE First, watch the pre-open Tour recording HERE <<== Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A Through the prior close… Tuesday broke two streaks. The first was not gapping up following three […]

The First Trade & Pre-open Tour Recording…

Proper context can start the day with a solid win and make all the difference. NEW DAILY SCHEDULE First, watch the pre-open Tour recording HERE <<== Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A Through the prior close… Friday’s rally trended up into the afternoon’s bias environment to 2315.75. The […]

The First Trade & Pre-open Tour Recording…

Proper context can start the day with a solid win and make all the difference. NEW DAILY SCHEDULE First, watch the pre-open Tour recording HERE <<== Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A Through the prior close… Gapping up Thursday above prior highs to 2294.00 was maintained, and extended through […]