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) Simply for having revisited Wednesday night's 3114.50 high Thursday night, stronger-handed buyers were revealed to be bullish. So, a rally became likely Friday. The flip-side to that coin was that a decline was less likely, or likely to be recovered, because its sponsorship would be weak-handed. Not yet rallying through the first half-hour made a temporary dip likelier, and soon its 3098.00-3099.25 target was fulfilled. A 5-stage turnaround pattern developed along the way, finally retracing the 3111.75 opening range in Friday's final minute. The afternoon's 3116.25 bias-up target was left outstanding as "unfinished business." Overnight action's new info... (nearby chart is last intraday session and Globex) Sunday's open was greeted by an afternoon China trade headline that triggered a 10-point gap up to 3119.00 The same bar touched both 3116.50-3121.25, a 5-point range around this morning's 3119.50 bias-up target. And the sideways ranging has persisted through midnight and Europe's opens. If, then... (notes to accompany the Tour recording) The big takeaway from this weekend's Saturday Review was the opportunity-rich environment likely at least Monday and Tuesday. Last night's action doesn't ensure either volatility or trending, but it confirms two other points: That last week's sellers were only temporary, and that the upside attraction remains alive and seemingly well. A 38.2-61.8{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} gap-to-gap retracement should be supportive if tested, with room down to Thursday and Friday's "lower prior highs" down to 3111.00 before suggesting a morning of backing-and-filling or reversing down. A new high close requirement remains unfulfilled. And last week's 3132.50 "new Globex trend extreme" remains untested. Rejecting the overnight rally would have to trend down quickly to find sufficient sponsorship for probing fresh lows. First Trade... (preliminary indications for the Bias parameters) Exiting the open at 9:45 above 3116.25 would be likely to trigger the 3114.50 bias-up signal at 10:15. Exiting the open under 3111.00 would be unlikely to trigger bias-up.

Sustained pre-open optimism offered only one exit valve. The Globex open's 3116.50-3121.00 range was relatively narrow. And it had persisted through both midnight and Europe's opens. A reversal attempt delayed until the 60-90 minute pre-open window would have been a false break. No pre-open breakout attempt meant the opposite -- no false break. That was part of our pre-open update discussion in the chaRTroom, which also included a preference to buy a post-open dip. But post-open strength would be credible for extending higher, the earlier the better.

Room for noise above the overnight range was soon pierced above 3122.25. A series of overlapping shallow legs were contained within a parallel uptrending channel, already behaving like a Running Correction before its 3125.25 high had even printed. And that was even more bullish.

Recall Friday's 5-stage turnaround pattern. Not bouncing from its 3098.00 pullback target would have failed to form stage-5, and would have trended down relentlessly through the close. This morning's pattern did that -- only briefly forming a stage-4 plateau before extending higher instead of down. This all but marginalizes sellers for the morning, if not through the noon hour. But that doesn't prevent pullbacks. And now a close-quarters Double Top may be forming at 3131.00. Its reaction down would likely end around at or before 3125.25-3126.00. Meanwhile, 3-minute RSI has been persistently overbought, but has formed its own Head & Shoulders while 1-minute RSI diverges negatively. Afternoon weakness is possible, but won't be considered yet.

MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3132.00 3131.50 ...would target 3137.25 3136.75 Bias-down: under 3124.50 3124.00 ...would target 3117.00 3116.50 Signal status: NO-BIAS . 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.

Gap-and-go done got up and went. This morning I described the 5-stage turnaround pattern we were tracking through the open. Its stage-4 plateau had resumed the rally instead of correcting it. Although that was anticipated, the fresh high all but marginalized sellers for the morning and through the noon hour. New highs were probed up to 3131.00. Extending higher formed a gap-and-go setup. This pattern borrows all near-term sentiment to extend its trend through the morning, if not also through the noon hour. The balance of the session usually ranges narrowly sideways. So, the high was retraced back into the stage-4 range at 3126.50. The noon hour's exit firmed back up to within 2-3 ticks of the morning's high. All in-line with the gap-and-go, and its aftermath. This being a headline-rich environment, there is ongoing vulnerability to a knee-jerk reaction. Whether up, or down, gap-and-go already suggests retracing back to this morning's highs. Headline reactions tend to be corrected or retraced anyway. Meanwhile, sideways ranging remains likely.

Monday's rally satisfied a lot of separate attractions above, without putting into play anything higher. Last week's 3132.50 "new Globex trend extreme," and the confirmed breakout's new high close are neutralized. The trend's next higher objective at 3135.00 was attacked to within 2-3 points. In any case, no upside attraction requires a higher close. The 3135.00 objective could be tested overnight  and doesn't require being tested at all.  Nothing requires holding it if tested, reversing the trend would likely be underway by Tuesday's close, if at all. The most volatile organic trending would be likely Tuesday morning. Remember that as volume evaporates ahead of Thursday's holiday, trending is more difficult to launch or to reverse. After Tuesday afternoon, be careful buying fresh highs... Be sure to watch the Market Wrap for descriptions of several very useful setups that helped to forecast Monday's price action. 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 3136.00 3135.50 ...would target 3142.75 3142.25 Bias-down: under 3128.00 3127.50 ...would target 3121.00 3120.50 Signal status: noN-BIAS, TESTED BIAS-UP 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.