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

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... Sunday night's gap down had wasted no time proving Friday's bounce to 2892.00-2894.00 resistance was only the temporary product of Friday Factors. The open was greeted at Friday morning's 2826.00 low, neutralizing the required retest of its oversold RSIs. The open briefly bounced 11 points before reversing down to quickly fulfill all but 2 ticks of the next lower objective at 2813.00-2819.00. A 15-point bounce also reversed down through the noon hour to 2802.00. Then an even bigger 26-point bounce reversed down through final hour to attack the low within 3 points. No "unfinished business" was left outstanding, but closing decisively under 2813.00-2819.00 confirmed the decline remains intact. Overnight action's new info... The likely objective of Monday's second-to-last hour bounce was to completely retrace the low. The Globex open immediately blipped-down to fulfill that objective, piercing 2802.00 down to 2799.75. Hovering just above 2802.00 soon broke higher to 2822.50 by midnight. Two tests of 2819.00 support have now resolved up to probe yesterday's open at 2830.50 where RSIs have begun to simultaneously diverge negatively. If, then... (notes to accompany the Tour recording) The decline is free to resume, and more aggressively to the next lower major objectives at 2766.00 and 2751.00, since Monday afternoon's bounce from fresh lows tested the prior two sessions' "higher prior lows" as resistance. The overnight bounce is testing them, too. Gapping up above 2830.00-2831.00 would be credible for signaling another detour, and closing above Thursday and Friday's 2837.00 and 2826.00 lows would target filling the gap back up to Friday's close. First Trade... [Click here to view the Bias parameters] Exiting the open at 9:45 above 2825.25 would be likely to exceed the 2820.75 bias-up target at 10:15 to renew the bias-up signal, next targeting 2827.25. Exiting the open above 2817.75 would be likely at least to trigger the 2813.75 bias-up signal at 10:15.

Pre-open dip holds bias-up target as support. The overnight rally into 2830.00-2831.00 resistance was corrected back down to the 2820.75 bias-up target as support pre-open. A post-open surge attacked 2833.00 during the opening 15 minutes of volatility. Retracing entirely down to 2821.50 still recovered to fresh highs attacking 2835.00 through the 10:15 bias timing window. Exceeding the 2827.25 renewed bias-up target through 10:15 doubly-renewed the bias-up signal. Rather than rest on its entrenched laurels to back-and-fill and refuel buyers, the rally already rewarded itself up to 2839.25. RSIs diverged negatively and a reaction down is testing the 2835.00 sell signal. Its likely objective is 2828.00. Even then, the burden of proof would be on sellers to extend deeper for rejecting the recovery attempt. Otherwise, the rally would be free to continue above 2838.00.

TUE afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2849.50 2850.50 ...would target 2856.75 2857.75 Bias-down: under 2841.50 2842.75 ...would target 2834.25 2835.50 Signal status: LATE BIAS-UP . BIAS VIDEOS... INTRO // EXAMPLE 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.

Confirmed. Obligatory resistance at this morning's test of yesterday's opening highs up to 2835.00-2837.50 was broken through the morning bias environment. Accelerating through 2841.00 was triggered by a favorable Trump China trade comment. The comment was redundant and off-handed, the setting informal, bu this market wants to go up. Extending to test the 2850.00 into the noon hour absorbed a dip to 2843.00, only 2 points under its sell signal. The afternoon's 2850.50 bias-up signal triggered late, and pre-1:30 highs have been pierced to help confirm the late signal is valid. Its 2857.75 bias-up target is in-play. RSIs aren't participating. But price is mostly ranging narrowly sideways as the 1-minute RSI threatens becoming oversold already. Avoiding, holding or only briefly testing 2848.50 would keep alive the upside momentum.

Monday's close under 2813.00-2819.00 was ultimately rejected. Friday by rallying overnight to attack 2832.00 resistance, and then by rallying into the afternoon to attack 2854.00. Reversal attempts had been attracting reinforcements only briefly before reversing back up to fresh highs. Meanwhile, the afternoon had formed a Head & Shoulders top that broke lower to 2834.00, closing at or under 2837.50 to avoid requiring any follow-through of the recovery. Only triggering the 2850.50 bias-up late and then stopping short of its 2857.50 target reflected weakening momentum. The Head & Shoulders pattern reflected the distributive weakness. Breaking lower into the close confirmed, although 2837.50's recovery wasn't decisively rejected. The burden of proof is on buyers to resume the rally, which would initially target 2857.50, then 2862.00, if not also the gap back up to Friday's 2884.00 close. Meanwhile, the decline remains free to resume at any time. Opening Wednesday under 2830.00-2831.00 or above 2846.00 should trend intraday in that direction. Details and other markets coverage are discussed in the post-market Wrap recording here. Monitor overnight Globex trading in the chaRTroom here.

WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2843.00 2844.00 ...would target 2851.50 2852.50 Bias-down: under 2830.25 2831.50 ...would target 2823.25 2824.50 Signal status: LATE NO-BIAS, TESTED BOTH BIAS-DOWN PARAMETERS . BIAS VIDEOS... INTRO // EXAMPLE 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.