A single, continuous overnight trend often attracts either reinforcements or countertrend sponsorship in the first 15 minutes. If either of these things happens, the balance of the morning will probably trend in that direction. Then the reinforcements should be beyond the overnight extreme when they exit the open at 9:45. Countertrend sponsorship should trend discernibly through 9:45. However, the setup doesn’t always trigger in either direction.
Study the setup’s historical occurrences here:
This setup has occurred on the following dates:
- 1-22-21
- 3-23-21
- 4-30-21
- 5-14-21
- 5-24-21
- 06-01-21
- 6-24-21
- 09-10-21
- 10-14-21
- 02-03-22
- 02-09-22
- 03-09-22
- 03-10-22
- 5-17-22
- 5-18-22
- 5-25-22
- 06-07-22
- 8-15-22
- 8-19-22
- 10-04-22
- 10-05-22
- 10-17-22
- 11-01-22
- 02-09-23
- 2-27-23
- 3-30-23
- 9-21-21
- 10-07-21
- 12-13-22
- 04-10-23