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) Thursday night's spike up to 3012.50 had fulfilled expectations for testing both Wednesday morning's 3007.50 high, and its 3011.00 objective. Only ranging sideways punished the lack of momentum with a shallow opening dip, but positive territory and "lower prior highs" held. Friday Factors influenced the balance of the session, floating relentlessly up to 3018.00 before the close. Overnight action's new info... (nearby chart is last session and Globex) Trending has been attempted in either direction, with both attempts retraced to unchanged. First, Sunday night's Globex dipped back into Thursday night's range to test 3011.00, but recovered up to Friday's last-minute 3018.00 high by midnight. Hovering around this morning's 3017.50 bias-up signal suddenly surged through Europe's opens to touch this morning's 3023.50 bias-up target. That, too, was retraced, back down to 3016.50, but not without complexity that forms a "new Globex trend extreme" requiring intraday retest. If, then... (notes to accompany the Tour recording) New closing highs on a Friday essentially requires an eventual higher close. Now last night's "new Globex trend extreme" requires intraday retest -- not always the same day, So, two pieces of "unfinished business" would now help to rescue the rally in case the weekend were exited in decline. Meanwhile, the trend remains up, and targeting 3033.00 with potential to 3066.00. First Trade... (preliminary indications for the Bias parameters) Exiting the open at 9:45 above 3019.75 would be likely to trigger the 3023.50 bias-up signal at 10:15. Exiting the open under 3015.25 would be unlikely to trigger bias-up.

Overnight bias-up target test doesn't qualify. The overnight test of 3023.50 -- which is also this morning's bias-up target -- had reacted back down to test the 3017.50 bias-up signal. Its test held, and launched a bounce back up to the overnight high. Almost. Attacking the overnight high up to 3022.75 only collapsed at the open. Bouncing from the collapse's 3014.50 low stopped short of triggering bias-up at 10:15. A later bounce is testing the 3017.50 bias-up signal but only overlapping it at 10:30, too little too late to invalidate that it had failed to trigger at 10:15. So, an offsetting test of the 3009.75 bias-down signal is in-play. Bouncing further above 3017.50 could still trigger no-bias trending that retests the 3021.50 open, if not also the overnight high.

MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3016.00 3019.75 ...would target 3022.00 3025.75 Bias-down: under 3008.25 3012.25 ...would target 3002.50 3006.50 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.

Eking down further through the noon hour. Holding a test of this morning's 3017.50 bias-up signal had put into play an offsetting test of its 3009.75 bias-down signal. This could have been invalidated by recovering 3017.50 through 10:30. In fact, 3017.50 was probed at 10:30, but only overlapped, so the bias objective remained intact. The balance of the morning ranged flat-to-lower down to 3014.00. Slightly lower lows during the noon hour have tested and retested 3012.50. Meanwhile, 3009.75 remains "unfinished business" that requires an eventual test. Now this afternoon has triggered no-bias, but from just above its 3012.25 bias-down signal. Its test should define the window's lower-end. Probing under it would be "no-bias trending" that requires being retraced. Meeting the 3009.75 objective during the no-bias environment would require no-bias trending, and probably form a substantial low. A low could still form from fulfilling its test later, but that would be more difficult. Meanwhile, there's for noise up to 3016.50 before starting to signal the lower objective may be delayed.

Friday's new trend high close requires an eventual higher close, but not necessarily immediately. And complexity in Sunday night's higher new highs formed a "new Globex trend extreme" at 3023.50 that requires intraday retest, but not necessarily immediately. All of which is pretty bullish -- including Monday's gap up to 3021.50 above all prior highs, needing to be filled from below. But not necessarily immediately. And there was nothing necessarily immediate about Monday. Not after the open, which suddenly collapsed back under Friday's 3018.00 high. The morning's bias created an objective at 3009.75, which the noon hour's 3012.25 low easily avoided. Interim bounces held 3018.00 as resistance throughout the session. Now 3009.75 becomes "unfinished business" below, a fair trade for gaining two more attractions to unfinished business above. The second consecutive close above 2997.75 also confirms that 3033.00 and potentially 3066.00 are in-play. Testing 3009.75 overnight would neutralize it, but the rally can resume anyway. Or 3009.75 can be probed down to 3004.00 or 2997.75 before likely resuming the rally. 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 3017.75 3021.50 ...would target 3024.25 3027.00 Bias-down: under 3007.00 3011.00 ...would target 3001.25 3005.25 Signal status: NO-BIAS . 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.