Proven Day Trading Signals from Viditrade - 01-25-2017

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 morning's strength was steady, but also restrained. The 2266.00 bias-up signal's attack didn't trigger it, and its probe didn't extend until the bias environment began lapsing. Then a rally emerged that traversed the 3-week old range to probe its high up to 2280.50 into the 3:10-3:20 proxy window. Despite reacting down 6 points into the close, the rally gained traction. And despite reacting down into the close, unfinished business above was neutralized. No new higher objectives were created. Overnight action's new info... A narrowing range had finally broken higher to greet Europe's opens probing 2278.00, on the way up to new highs at 2282.25. Consolidating since then has been supported by yesterday's 2280.25 high. Each reaction down is overlapping yesterday's high without forming any interim complexity above. So, there is not yet any "new Globex trend extreme" that would otherwise require being retested intraday. If, then... Having gained traction for yesterday afternoon's efforts, the rally is likely to trend higher this morning. Trending higher this morning is no likelier to be maintained, or to avoid reversing down intraday. But not yet reversing down before the afternoon bias environment would make reversing down much less likely. Meanwhile, having probed higher overnight, trending higher this morning can be avoided by opening back under the ~2275.00 overnight low. The drop could extend down another 7 or 10 points without even threatening to reverse the trend down. First Trade... [Click here to view the Bias parameters] Exiting the open at 9:45 above 2281.00 would be likely to trigger the 2278.25 bias-up signal at 10:15. Exiting the open under 2275.50 would be unlikely to trigger bias-up.

Gap up extends higher post-open. Gapping up 6 points above yesterday's high to 2286.50 wasn't necessary to extend the trend this morning. Yesterday afternoon's rally had gained traction already, all but requiring it. So, a quick dip down to 2284.25 recovered to probe a fresh high,  and a consolidation resolved by trending up to 2290.25. None of which ever touched this morning's 2283.25 bias-up target. Exceeding it through 10:15 renewed the bias-up signal, next targeting 2288.00. It was being tested at 10:15, but room for noise above it to 2292.25 is being probed now. Closing today above its opening print would essentially trigger a breakout. Still subject to confirmation, it would probably extend higher to 2320.00. But until the close, unless the afternoon's bias-up signal is triggered from positive territory, no higher objective is in-play. Closing under the opening print wouldn't by itself form a top. But it would start one. Today's gap up would still require being tested sometime after dipping back under 2280.25 or deeper.

WED afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above  2296.25 2291.50 ...would target  2302.00  2297.25 Bias-down: under  2288.75  2284.00 ...would target 2282.50  2277.75 Signal status: noN-BIAS, TESTED BIAS-UP SIGNAL FAQ INTRO VIDEOS #1 and #2 1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target. 2. Not triggering either bias signal at 1:20 would be "no-bias," and the bias signals should define the bias environment's range. -- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias. 3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal. -- "Late" signals don't require testing the opposite bias signal, but it's still likely. 4. Still testing the bias signal at 1:30 after invoking the grace period would trigger "noN-bias," with no bias influence.

A nearly last-minute high touched 2295.25. Its reaction down was still above the bias environment's 2294.25 high when the cash session closed. The next higher objective is 2227.00, which is likely to be met aggressively, regardless of confirming Wednesday's breakout on Thursday. Reacting down sharply Thursday would still leave unfinished business above back at Wednesday's opening gap up. Details and other markets coverage are discussed in the post-market Wrap recording here.

Monitor overnight Globex trading in the chaRTroom here.

THU morning signal (triggered at 10:15 ET) SPX ES Bias-up: above  2302.25 2297.50 ...would target  2307.00  2302.50 Bias-down: under  2293.75 2289.25 ...would target  2289.00  2284.25 Signal status: NO-BIAS FAQ INTRO VIDEOS #1 and #2 1. At 10:15, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target. 2. Not triggering either bias signal at 10:15 would be "no-bias," and the bias signals should define the bias environment's range. -- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias. 3. Touching the bias signal within 3 minutes either way of 10:15 would invoke a grace period through 10:30 to trigger a late signal. -- "Late" signals don't require testing the opposite bias signal, but it's still likely. 4. Still testing the bias signal at 10:30 after invoking the grace period would trigger "noN-bias," with no bias influence.