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) Monday's last-minute volatility persisted overnight, and through Tuesday's open. Consolidating narrowly through the bias environment and noon hour broke higher through the afternoon to attack 3518.00. A late surge neutralized the only nearby unfinished business at the 3524.50 Globex trend extreme. Probing it up to 3527.50 also fulfills the new trend extreme close that became required by last Friday's new trend extreme close. Overnight action's new info... (nearby chart is last intraday session and Globex) Tuesday's late surge broke higher at Asia's opens, surging to the 3542.00 bias-up target. Its reaction down to the 3532.00 bias-up signal's support was gradually recovered into Europe's opens, where the rally resumed, doubling its initial upleg to 3556.25. The first upleg alone was complex enough to qualify as a Globex trend extreme. If, then... (notes to accompany the Tour recording) Having neutralized the new high close requirement, closing higher on Wednesday would entrench the rally. That bullish setup is off to a good start. It's off to such a good start, that it is running into key resistance derived from June's complex Ascending Triangle at 3554.75-3556.25. Any near-term turbulence or dip is likely only a temporary correction. The Globex trend extreme already done, and the likely gap above all prior highs, will both want to be retested intraday -- the latter after touching Tuesday's range. Wednesdays are the week's highest volume sessions, and its liquidity encourages counter-trend action, so almost any initial weakness would be credible for trending back down intraday. The Relentless overnight trending setup could still be bullish by avoiding initial weakness. First Trade... (9:45 preliminary indications for the 10:15 Bias parameters)

Exiting the open above 3545.75 would be likely also to exceed the 3542.00 bias-up target and renew the bias-up signal. Exiting the open above 3535.75 would be likely at least to trigger the 3532.00 bias-up signal.

Deep pullback through the open. The overnight pullback from its 3526.25 high already suggested the level is relevant. Collapsing from its 3546.25 open down to 3536.75 was further evidence. We'll keep that in mind while assessing whether this target from June's complex Ascending Triangle will be even more influential. Meanwhile, lower and lower post-open lows down to 3533.75 each were isolated, recovered back above the open's 3536.75 9:45 low by 10:00 and 10:30. That's passively bullish. The opening range's upper-end was also recovered through 10:30 up to 3550.00. That's actively bullish. Still overlapping the 3542.00 bias-up target at 10:15 failed to renew the bias-up signal. But its minimum renewed bias-up signal at 3551.00 is being tested anyway. Its likely renewed bias-up signal at 3554.25 doesn't require being tested. Not required as a bias objective, although its test would be part of the overnight high's required eventual retest. The opening dip's recovery up to 3552.75 is a new post-open high, and creates a position of strength by having maintained it through the morning. That doesn't prevent trending back down into the afternoon, or into the weekend. The rally's durability needs to enter the noon hour above the morning's highs.

WED P.M. BIAS

At 1:20 the P.M. BIAS is BIAS-UP: above 3551.00 signal would target 3560.25. BIAS-DOWN: under 3539.75 signal would target 3530.75. NO-BIAS: between both signals. WED afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3553.00 3551.00 ...would target 3562.25 3560.25 Bias-down: under 3541.75 3539.75 ...would target 3532.75 3530.75 Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED . BIAS VIDEOS... INTRO // EXAMPLE

Sharply higher. The morning's bias environment lapses between 11:30-non. Probing back under the 3542.00 bias-up target during that window also threatened to reject the 3532.00 bias-up signal. And that would have been bearish. But like the post-open lower lows, the lower probe was isolated, recovered when relevant by noon. The minimum structural reward was fresh post-open highs, which was fulfilled during the noon hour. The noon hour also neutralized the overnight Globex trend extreme's required retest. And exceeding the  afternoon's 3560.25 bias-up target through 1:20 renewed the bias-up signal. Its 3567.25 minimum renewed bias-up target is now being met to within 1 tick, with 3573.00 the next higher renewed bias-up target. Meanwhile, 1-minute RSI is diverging negatively. Back under 3561.50 would signal momentum already reversing down. The bias-up environment has room down to its 3551.00 bias-up signal, and then lower later. Hovering at these highs through the close is the least likely scenario.

Probing new highs overnight up to 3556.25 was corrected through Wednesday's open down to 3533.75. The Opening thrust setup contained sellers, but the balance of the morning only ranged choppily flat-to-higher. Dodging a reversal attempt at the bias environment exit was rewarded by trending up through the Position-squaring window to 3587.00. Bullish PM Traction was formed along the way. Last-minute weakness held 3576.00 into the close. Wednesday's opening range through 9:45 formed an Opening thrust that isolated two deeper probes through 10:00 and 10:30. The open's range was even exceeded at 10:30. The accumulation could have settled for being rewarded by probing fresh session highs. But exiting the bias environment above the noon hour high was confirmed, forming bullish PM Traction. So, Thursday morning's bias environment is likely to trend up, regardless of its opening level, unless the open were to trend down. Thursday is also likely to trend up because Wednesday closed higher on the day after already fulfilling a requirement to close higher. That's not a requirement, but the burden of proof is on sellers. But the impending 3-day weekend's illiquidity leaves strong-handed sellers one opportunity for regaining control -- by gapping down under Wednesday afternoon's 3557.50 low to form a bearish session-long decline. 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].

THU A.M. BIAS

At 10:15 the A.M. BIAS is BIAS-UP: above 3588.00 signal would target 3601.50. BIAS-DOWN: under 3573.00 signal would target 3559.50. NO-BIAS: between both signals. THU morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3590.00 3588.00 ...would target 3603.25 3601.25 Bias-down: under 3574.75 3573.00 ...would target 3561.25 3559.50 Signal status: BIAS-DOWN, BIAS-DOWN TARGET EXCEEDED . BIAS VIDEOS... INTRO // EXAMPLE