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

NEW 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... Friday's flat open at 2432.00 has until only recently spent most of the night attacking 2437.00. Sliding into the open extended through the open to 2420.25. That was the bias environment low, which was recovered somewhat into the noon hour when the bearish WedEX influence began. Mostly flat ranging would have fulfilled WedEX. But a surge began almost within 3 minutes of the cash session close. It extended through the futures close to attack 2435.00. Overnight action's new info... Sunday night's open dipped very shallowly, and ranged shallowly. Then it surged up to 2437.50. The rally resumed into and out of Europe's opens, extending briefly up to 2440.25. It's reaction is testing 2437.50 as support. If, then... If WedEX's bearish influence is valid, then Monday morning should trend down. Regardless of the open, which could gap up considerably. Despite not much of a bearish influence Friday afternoon, the burden of proof is on buyers. Rallying through the open to a fresh high would meet that burden, targeting new highs at 2445.00 and higher, if not also a new high close. Not rallying early, or rejecting an early rally, could be contained within Friday's range. A downleg isn't required to fulfill "unfinished business below" at 2418.75, 2415.50, but it would be likely if a  morning downleg were to dig too deep. First Trade... [Click here to view the Bias parameters] Exiting the open at 9:45 above 2440.75 would be likely also to exceed the 2438.50 bias-up target at 10:15 to renew the bias-up signal, next targeting 2445.00. Exiting the open above 2336.00 would at least be likely to trigger the 2333.00 bias-up signal. Phonetic dictation... okay good morning and welcome we had some conectivity issues initially so it's a little late getting out apologize for that but the Market Tours a little little easy and we were at a binary situation basically first of all on Friday morning Friday morning rejected what what what had been in early rally Thursday night that plaid Toad and ranged nearly four hours until coming home within view coming within view of the open tell me within view of the open and greeting the open already sliding plunging even with unfinished business outstanding below couldn't get the market down deep enough to satisfy that at 1875 there's unfinished business even lower than that the balance of the session it was an expiration session rallied and this is where we're left is at Fridays close as of Friday's close having surged into it that's a little optical illusion because before we got to the cash session close which is right there it had been not a downtrending afternoon not a biased down afternoon sort of mean any probe above above the noon-hour xentry right about here was retraced back under or to the noon hour Zen tree so that at least would have qualified as rallying or by us up or disqualify the barest wed x influence which is our filter for looking at this morning's open and perhaps this morning entirely but when we got to it in 3 minutes of the cash has some clothes and actually even it was just a minute before a minute or a minute before minute or two before getting to within three minutes of the cash and close that's when things took off that's the cash session clothes and then expiration as is a characteristic with it extended higher that's the Futures close 350 and after maintenance notice that notice that this is and this is Friday the price extended even higher to 3475 so we're way out of whack with Friday afternoons prices if there's a barrage wed x then it doesn't really have any effect or shouldn't have any effect on the overnight what is it have an effect on is the intraday Post open Action so that's why the barest FedEx is going to be our filter for viewing this morning's opening action and if it's invalidated through the open by trending up above Pryor High and maintaining that probe of Bubba Pryor High then that's it for Bare Esthetics influence after this even though late performance on Friday if this morning's open isn't resolving down or coming out of the open resolving down then the morning won't matter but if the morning if the open that is it is be racially inclined then we will continue using that bearers filtered of you the rest of the morning and the rest of the morning at the very least would be targeting a retrieve sment back to Friday afternoons rain doesn't have to get there just has to Target as to be attracted to it the point is not be attracted to Gap up this is where it gets interesting couple of influence influence this morning who the open if it's not exceeded through 10:15 that's going to be our first opportunity to view the morning as being bearish retracing where well there's room down to 33 at least the bicep signal and if by 10:15 both 3850 + 33 of been rejected that automatically puts into play it off saying test of the bias down signal at 24 if 3850 were touched Post open so it's rejection was actually done by the Post open crowd not just failing to exceed it or touch it or failing to exceeded Post Post open then the bias down Target is 1875 that level that was left outstanding Thursday so it was a tech Friday morning so lots of downside if all of the overnight action the one-way Relentless single-minded overnight action greeting Monday with a gap up action often finds counter-trend action Post open Post open off encounters the overnight in those instances in those setups if it doesn't do it at the oven if it's not being rejected at the open is not going to be rejected and we're going to look up if it's not being rejected at the open at the overnight Rally's not being rejected by the opening exit or as the opening exit is ending then our next objective is higher there's very little possibility of the railing return to the highs if that point Wednesday's pre-open Pro or attack on actually last Friday the prior Fridays hi there within a tick fresh highs 24 4315 Bingham Pryor High 2445 the next objective not that we get there immediately but very little if anything can derail it if that's the case alright looking at other markets starting with the Euro which is gapping up here it's got no requirement for any lower if we have objectives at 111-110 basically lower until then there's a test done on Friday and now overnight there's a bounce to so back up into the range make it such significant support may be the better word is reliable least some bounce off at is likely it's less likely to just break through it especially on his first attempt having said that though under this Gap start feeling that and we'll be looking for lower price down to 1238 initially silver which has its own issues down here digging a little bit deeper overnight down to 57 1657 there's a gap fill down here being negotiated and it's really a matter of there are lower prioritize down to 1630 on the next if in fact this morning is not recovering or we don't come out of the morning recovery Long Pond already retraced Wednesdays Wednesday afternoons drop by 61.8{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} from what is then Friday is open or Thursdays Fridays opening dip sorry Fridays and so there's no it's actually .

Gap up surges its way to new highs. Gapping up didn't kill the WedEX's bearish influence. Neither did extending higher. Printing a higher high after the first 15 minutes of volatility did the deed. WedEX is dead. We'd already been observing bullish behavior, at least to create an anchor for recovery purposes in case of reversal. There was no reversal. Gapping up to 2440.50 blipped-down 2 points and quickly recovered to extend the rally. A Running Correction up to 2443.00 (remember that) resolved up while 3-minute RSI became persistently overbought.

3-minute RSI remains persistently overbought, for now, while new highs probe 2445.00 is probed up to 2450.00. The renewed bias-up is fulfilled. There's room for noise above at 2453.00, but no requirement to reach it.

Overbought RSIs at 2450.00 require its eventual retest. Near-term, back under 2446.50 would start to signal a corrective dip underway. Its target would be 2441.50, the lower quadrant of that Running Correction I mentioned above.

MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above  2451.00 2448.25 ...would target  2456.50  2454.00 Bias-down: under  2444.25  2441.75 ...would target  2438.75  2436.00 Signal status: BIAS-UP FAQ INTRO VIDEOS #1 and #2 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.

Bias-up target in-play. This morning's rally ultimately surged to 2450.00 as the bias environment began. The bias environment exit dipped to 2443.75. That one-hour pullback is today's only pullback, so far. Attracted by overbought RSIs at the high, price action since then has trended back up. Extending through the noon hour and into this afternoon's bias environment just attacked 2451.00. Now RSIs are NOT overbought. Room for noise above 2445.00 ends at 2453.00. Overlapping it could fulfill this afternoon's 2454.00 bias-up target (even if only to within 3 ticks). Vulnerability to reversing down is high, but meanwhile at least one new high close remains as "unfinished business above."

Monday's new high close was a reasonable trade-off for the bearish WedEX not being influential. A better trade-off was that the early indication of WedEX's demise defaulted to extending the rally. Which it did, considerably. Regardless of the degree to which the rally extended Monday, an outstanding structural requirement was neutralized. The two-week old requirement for at least one more new high close is now done. More may come, but none are required. Along the way, Monday afternoon's bias-up was triggered and now its 2454.00 target is "unfinished business above." Attacking it to within 3 ticks at any time would neutralize it. Ironically, AMZN offers a singular intersection of two competing influences -- trending up, and overextended. Monday's new high (green circle) failed to hold above recent "higher prior lows" (red circle). The trend is up, but the pattern is vulnerable to reversing down at any time. The broader market, too. 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  2452.25 2449.50 ...would target  2458.00  2455.50 Bias-down: under  2445.25  2442.75 ...would target  2430.00  2437.25 Signal status: noN-BIAS, STILL TESTING BIAS-DOWN SIGNAL FAQ INTRO VIDEOS #1 and #2 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.