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

DAILY SCHEDULE Watch the pre-open Tour recording* HERE <<== *Manually open Adobe Connect (install on Windows or Mac), then paste the recording's link there. chaRTroom** is now open... Pre-open update is at 9:15 ET **This is NOT the direct chaRTroom link

Through the prior close... (summary of last Market Wrap) Sunday night's reversal attacked Friday afternoon's 3775.00 low to within 6 ticks before Monday's open. Bouncing through the noon hour got to 3810.50. The afternoon reversal attacked the morning low to within 4-5 points at 3885.50. Monday's entire session was encompassed by Friday's range to form an inside day. No new objectives or attractions were left outstanding. Overnight action's new info... (nearby chart is last intraday session and Globex) This morning's 3788.00-3802.00 bias signals have contained the overnight range. Currently fluctuating narrowly around the bias-up signal, after being probed briefly to attack 3807.00. A too-late-to-break setup is being monitored. If, then... (notes to accompany the Tour recording) Is last night's sideways ranging the calm before the storm? Yesterday's trending attempts were more than just false breaks in either direction. The levels that were both tested and rejected, combined with either move absorbing multiple reaction limits, reflects substantial buying and selling pressure that is likely to break sharply in either direction. Bias Parameters... (linked here)

Initial dip reverses back up. The 3793.00 open was essentially unchanged from yesterday's close. And that was essentially the midpoint between the 3788.00-3802.00 bias parameters. It's not equilibrium, but it lacks momentum. Fortunately, the first 15 minutes had discernible downtrending, so we could assume that sellers are weak-handed. Their pattern targeted the same 3782.00-3784.00 support that defined yesterday's opening low. And the weak-handed sponsorship wasn't likely to extend. The target's reaction recovered enough in time to trigger no-bias. Its objective for an offsetting test of the bias-up signal is already met to within 1 tick. This is still a no-bias window, so the bias signals should define either end. The bullish scenario would hover near the bias-up signal until the bias window lapses, then extend the rally. Meanwhile, a dip has room back to the bias-down signal, and then lower when the bias window is lapsing.

TUE P.M. BIAS

At 1:20 the P.M. BIAS is BIAS-UP: above 3792.00 signal would target 3803.25. BIAS-DOWN: under 3780.50 signal would target 3770.50. NO-BIAS: between both signals. TUE afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3799.75 3792.00 ...would target 3810.75 3803.00 Bias-down: under 37888.25 3780.50 ...would target 3778.25 3770.50 Signal status: NO-BIAS, TESTED BOTH BIAS-DOWN PARAMETERS . BIAS VIDEOS... INTRO // EXAMPLE

Big detour. Bigger rewards? The open's dip to 3781.50 was sponsored by weak hands, and had soon reversed up to fulfill the 3802.00 bias-up signal's offsetting test. The no-bias window restrained the rally. More so, the recovery's pause was exploited by a deep drop to 3768.00. But only briefly. Recovering both bias-down parameters has triggered another no-bias. Now the 3792.00 bias-up signal is being probed by more than 3 points. Maintaining its probe when the bias window lapses would be no-bias trending and require being retraced. Meanwhile, today's internal legs are another version of the same ongoing heated discussion between buyers and sellers. And it's getting louder. The ultimate resolution to this range should be aggressive, and it should be soon.

Still no resolution to the multi-session range. Tuesday's open was greeted flat with Monday's 3792.50 close. An early weak-handed dip met its target down to 3781.50, which was probed down to 3768.00 into the noon hour. Both dips bounced, but neither recovered a relevant resistance. And the afternoon only ranged choppily sideways before closing flat with the 3792.50 open. It's the intraday behaviors that suggest this multi-session ranging since Thursday is ready to resolve. Monday's narrow range had trended multiple times through multiple reaction limits. And now Tuesday's range has trended more substantially intraday. Two consecutive sessions of this setup are increasingly likely to resolve sooner rather than later. Already trending overnight to gap open Wednesday would be less surprising than not to have yet resolved by Tuesday's close. Gapping up could fulfill the requirement for another new high close above 3824.00. Any probing lower might find support at 3750.00-3757.00. See details and other markets coverage in the post-market Wrap recording* here. *Manually open Adobe Connect (install on Windows or Mac), then paste the recording's link there. Monitor overnight Globex trading in the chaRTroom here [NOT the direct link].

WED A.M. BIAS

At 10:15 the A.M. BIAS is BIAS-UP: above 3803.50 signal would target 3814.00. BIAS-DOWN: under 3783.50 signal would target 3774.00. NO-BIAS: between both signals. WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3811.25 3803.50 ...would target 3821.75 3814.00 Bias-down: under 3791.25 3783.50 ...would target 3781.75 3774.00 Signal status: NO-BIAS, TESTED BIAS-DOWN SIGNAL . BIAS VIDEOS... INTRO // EXAMPLE