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... Defensive posturing ahead of Friday's pre-open Employment Situation report had slid 12 points to attack 2696.00. That created room for a favorable knee-jerk reaction, a 12-13 point surge back up to Thursday's 2709.00 high. That's a lot of volatility, but it was all within the prior afternoon's range, including a relatively narrow overnight range. So, trending beyond the range wasn't likely, especially if not done early. The early trending attempt did probe fresh highs up to 2716.00, and triggered a late bias-up, which fresh highs through the 10:30 grace period confirmed. But its 2719.50 bias-up target became "unfinished business" as price eventually retested the overnight low down to 2695.50. The last hour's surge ended at 2704.50. Overnight action's new info... Ranging has only narrowed, despite another aggressive start. Sunday night's 2699.00 open immediately retraced 61.8{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} of Friday's late surge, and immediately reacted back up to probe positive territory, and to once again find resistance at 2708.00-2709.00. Sliding into Europe's opens tested and retested 2701.00, only to recover 2709.00. Price is currently unchanged at Friday's 2704.50 close If, then... (notes to accompany the Tour recording) Friday's late surge qualified as a second consecutive close above 2701.00, confirming the rally's next higher objective at 2756.00 is in-play. None of which prevents an interim detour with room down to 2656.00-2666.00. If anything, Friday's narrow ranging around 2701.00 makes a pullback likely, and last night's narrow ranging makes a pullback likelier. Even suddenly trying to rally this morning would be suspicious, and the burden of proof would be on buyers until maintaining a breakout through a relevant timing window. First Trade... [Click here to view the Bias parameters] Exiting the open at 9:45 within the 2701.00-2708.00 range would be unlikely to trigger either bias signal this morning.

Breakout attempt fails. The narrow 2701.00-2709.00 overnight range persisted through the open, which was unchanged at Friday's 2704.50 close. A couple of probes lower down to 2699.50 and 2697.00 each recovered back to or through unchanged. Ultimately, the 2698.75 bias-down signal held its test as support through 10:15 to trigger no-bias, putting into play an offsetting test of the 2710.25 bias-up signal. So, straight up from here? Not necessarily. Unchanged at 2704.50 is natural resistance, and has yet to attract reinforcements above its tests. Back under 2699.50 (being pierced now) could trigger a retest of Friday's 2695.50 low, which would probably include 2694.00. Back above 2703.00 and 2707.00 would confirm that the bias-up signal's test is underway.

MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2714.25 2713.00 ...would target 2720.25 2719.00 Bias-down: under 2704.25 2703.00 ...would target 2699.00 2697.75 Signal status: BIAS-UP . 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.

Now probing Friday morning's highs. The open's lower and lower lows ultimately held a test of this morning's 2698.75 bias-down signal. Its offsetting test of the 2710.25 bias-up signal was fulfilled as the bias environment began lapsing. Price held up through the noon hour, extending flat-to-higher. Now Friday morning's highs are being probed up to 2717.25. This afternoon's 2713.00 bias-up signal has triggered, putting into play its 2719.00 bias-up target. Friday morning's "unfinished business" at 2719.25 would be neutralized there, too. Nothing requires meeting either target today, or extending even high if met. RSIs are overbought at the high, so a reaction down would require being recovered. A reaction has room to 2711.00 before suggesting a more substantial detour down is underway.

TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2723.25 2722.00 ...would target 2731.25 2730.00 Bias-down: under 2715.25 2714.00 ...would target 2707.00 2705.75 Signal status: BIAS-UP, BIAS-UP TARGET MET . 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.