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... (summary of last Market Wrap) Friday's abbreviated session followed Thursday's Thanksgiving holiday closure. The open's 6-point gap down to 3147.50 from Wednesday's close was essentially the midpoint of a 3145.00-3150.00 morning range. Probing lower by noon extended down to 3139.50 just in time for a last-minute 6-point surge to 3145.25. A test of the 3156.00 bias-up signal was left outstanding along with Wednesday afternoon's 3156.25 bias-up target. Overnight action's new info... (nearby chart is last intraday session and Globex) Sunday night's gap up to 3148.00 was corrected by 4 points, then resumed until attacking 3155.00 by midnight. Europe's opens were greeted by a pullback to 3150.00 that triggered a rally to 3158.00. Its consolidation back down to 3154.00 resolved down in reaction to a Trump tariff tweet, now bouncing off of 3146.25. Overnight complexity did not qualify for being a "new Globex trend extreme." If, then... (notes to accompany the Tour recording) The only "unfinished business" outstanding at Friday's close was two bias parameters at 3156.00 and 3156.25. Each was deprecated by being the product of a low-volume environment. Anyway, they're now met overnight, along with the prior week's Complex Triangle's 3156.00 target that was already met close enough intraday to be neutralized. An artificial catalyst triggered the reaction down, which could be bullish for inhibiting a natural reaction down. I'll still consider a post-open sell signal, but would also watch for sellers to lose traction so another rally effort can form. First Trade... (preliminary indications for the Bias parameters) Exiting the open at 9:45 under 3143.00 would be unlikely to trigger the 3147.50 bias-up signal at 10:15. Exiting the open above 3150.50 would be likely to trigger bias-up.

Globex-flip setup triggers very early short-entry. Having probed the prior session's high overnight, exiting the open under the 3144.25 "earlier Globex low" triggered a bearish Globex-flip. It offers context for this morning's influence being down. Already testing 3144.25 pre-open added confidence to taking its sell signal despite it triggering immediately post-open. That proved well worth the whipsaw risk, falling quickly to 3132.00 and then extending down to 3116.50. A Running Correction / Falling Wedge formed along the way down, which was entered aggressively then exited aggressively. Now it's possibly forming a trough. Back above 3124.00 would start to signal a bounce underway, targeting the Running Correction's 3133.75 upper quadrant. Meanwhile, the bearish Globex-flip's influence remains intact. Failing to bounce from this trough would simply point down through the morning. In fact, a fresh low touching 3111.00 just destroyed the troughing attempt, which could be very bearish through tomorrow morning, too. [By they way, notice the new tip sheets sidebar. I swap them out as dictated by price action, providing a handy reference of the key influences and tactics.]

MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3121.00 3120.50 ...would target 3127.75 3127.25 Bias-down: under 3107.00 3106.50 ...would target 3101.00 3100.50 Signal status: NO-BIAS, TESTED BIAS-UP SIGNAL . 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.

Consolidating this morning's decline, or reversing it? The opening drop extended through the bias environment to its 3110.25 low. Bouncing 11 points into the noon hour touched 3121.25 and dipped back down toward the morning's low. But not to it, and certainly not through it. The bearish Globex-flip setup is fulfilled for having influenced the morning. Reversing momentum back up this afternoon could extend higher tomorrow with a new rally leg. But NOT reversing momentum back up this afternoon would more likely resume the Globex-flip's bearish influence through tomorrow morning. The latter scenario is likelier. That's because a separate 5-stage turnaround pattern extended under its 4th-stage trough instead of bouncing. And that tends to extend the morning's influence through the afternoon. The heierarchy of influence ultimately gives tomorrow morning's bias signal the final say regarding tomorrow morning's influence. But meanwhile we continue monitoring for a sell signal that can resume this morning's decline.

Last week ended with the recent Complex Triangle's 3156.00 target having been attacked. Actual bias parameters attractions there were left outstanding there. A confirmed breakout had fulfilled its third higher close requirement. No other "unfinished business" above remained outstanding. Sunday night probed fresh highs up to 3158.00 and reversed to test the 3141.25 "earlier Globex low" before Monday's open. Breaking lower through the open formed a bearish Globex-flip setup that pointed lower through the morning. Nothing required the setup to be productive to any particular degree. But it was very productive, dropping 35 points post-open to attack 3110.00 at the morning's low. Flat-to-higher ranging through the afternoon bias environment reached 3124.50, far short of rejecting the decline's momentum, before reversing to 3113.50 through the close. Not rejecting the morning's decline makes its influence likely to repeat Tuesday morning. Rallying overnight back up to Monday's 3145.25 open could serve by proxy to reverse the influence back up Tuesday morning. But the decline's momentum otherwise remains intact, not required to probe fresh lows, but vulnerable anyway to extending down to 3100.00-3103.00. Details and other markets coverage are discussed in the post-market Wrap recording here. Monitor overnight Globex trading in the chaRTroom here.

TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3123.50 3123.00 ...would target 3131.25 3130.75 Bias-down: under 3110.50 3110.00 ...would target 3104.25 3103.75 Signal status: BIAS-DOWN, BIAS-DOWN TARGET EXCEEDED . 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.