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) Gapping up 21 points from Thursday's 3118.00 close extended higher through the morning up to 3150.50. The Gap-and-Go setup had made the afternoon likely to only hover. Which it did, combined with Friday Factors that inhibit both reinforcements and counter-trend sponsorship. The afternoon retraced down to a very late 3144.50 pullback low. Overnight action's new info... (nearby chart is last intraday session and Globex) Sunday night's open bounced briefly and shallowly before dipping down to test 3140.00 by a couple of ticks. Hovering at the lows was interrupted briefly by a bounce that greeted Europe's opens at 3145.50. Now its reaction back down to 3140.00 has recovered back up to 3145.50. Now overnight setups have formed. If, then... (notes to accompany the Tour recording) REMINDER: I'm unavoidably away from the market today. The chaRTroom is open but no further Roadmap or Bias updates will be made until this evening... Today's Congressional impeachment hearings need distract only at the margins of participation to quash liquidity and volatility. Extending the rally without delay anyway would likely begin by gapping up, which isn't indicated, so its fresh highs targeting 3165.00 and 3203.00 will likely wait. But correcting Friday's rally first is possible, if not also likely if the open hasn't gapped up. And the likely pullback objective would be 3127.75 where another upleg could begin. Meanwhile, no overnight setups have formed -- neither trending nor ranging sideways exclusively, nor probing the prior session's extreme. If any overnight action is yet predictive, it is its lower-end repeatedly stopping optimistically short of Friday's 3139.00 gap up, and not holding its tests would target the Thu-Fri gap2gap fill at 3127.75. First Trade... (preliminary indications for the Bias parameters) Exiting the open at 9:45 under 3139.00 would be likely to trigger the 3141.50 bias-down signal at 10:15. Exiting the open above 3143.75 would be unlikely to trigger bias-down.

TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3138.00 3137.50 ...would target 3143.75 3143.25 Bias-down: under 3128.25 3127.75 ...would target 3121.25 3120.75 Signal status: LATE BIAS-UP, TESTED BIAS-DOWN SIGNAL . 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.

Update to "Where's Waldo Rod?"

Thank you again for your indulgence Monday. It was for an elbow surgery for a problem that was not responding to the usual regimens, from physical therapy and chiropractic, to meds. Maybe stronger meds, but that's not me. Cocktails, yes, because they're organic and I love nature. But that treatment also failed, so, surgery. Unfortunately, I was not aware that the nerve deadening agent would leave my entire arm numb -- entirely, totally, immovably, and non-responsively numb -- for 12 hours. All will be normal before Tuesday's open...

Speaking of which, Monday's open barely dipped long enough to touch the morning's 3141.50 bias-down signal. But it was long enough for the no-bias signal to put into play an offsetting test of the 3150.50 bias-up signal. Which was attacked to within 4 ticks at 10:15. Another tick higher would have neutralized it. Or invoked the grace period for IT'S trigger, which would have met its objective during the balance of the session. The balance of the session trended back down relentlessly to 3135.50 before the cash session close. So, I'm not considering there to be "unfinished business" above. And although the afternoon's bias-down signal was probed during what would have been a no-bias environment, its signal retraced its no-bias trending.

Wow, if there ever was a session for which I created my new Tip Sheets sidebar, yesterday was it. Ironic.

Anyway, extending even lower post-close down to 3131.25 has made the 3127.75 gap2gap retrace likely, unless Tuesday's open gaps up. The post-close dip also creates an odd bias-up signal only ticks above the close, but it's correct -- and meanwhile also resistance. Remember that FOMC events on Wednesday afternoon might begin inhibiting trending Tuesday afternoon, but not yet volatility. This helps to create very predictive setups, so... see you soon. Market Wrap was not created for Monday. Monitor overnight Globex trading in the chaRTroom here.