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) Monday's open was greeted well into positive territory at 2872.50 -- 16 points under the 2888.50 overnight high and still 62 points above the overnight low. Much of the recovery was underway already when a favorable Trump China trade tweet triggered a surge from 2835.00. The pre-open pullback extended through the open down to 2855.00. The dip was only temporary, but the rally never resumed. Not until a very late 15-16 point surge from 2868.50 squeezed weak-handed shorts up to 2884.00. The open's bullish Isolation setup remained intact, still saddled with the burden of proof that won't tolerate much delay to extending higher. Which faces the challenge of "unfinished business" below at 2839.25. Overnight action's new info... (nearby chart is last session and Globex) Globex initially retraced Monday's late weak-handed surge back down to 2875.00, then recovered to a fresh high at 2887.25. It was still 1 point under Sunday night's high, and soon began reversing down to retrace within 3 ticks of the origin of Monday's late surge down to 2869.25 through Europe's opens. Which held. Held, and has since recovered to attack the earlier high at 2886.50. If, then... (notes to accompany the Tour recording) Testing 2839.25 must be isolated to avoid sellers gaining traction, i.e. recovered back above a relevant level like 2855.00 before its timing window lapses. Probing under 2854.00-2855.00 again would be likely to test of 2839.25. And just probing under the overnight low's squeeze-retracement would be likely to test 2854.00-2855.00. Extending the rally through Tuesday morning would next target the 2925.25-2933.00 kill zone, the reward of Monday's bullish Isolation setup. The consequence of not fulfilling the Isolation setup is a thorough intraday test of 2817.50-2821.50, and there's no bullish reason for that. , . First Trade... (preliminary indications for the Bias parameters) Exiting the open at 9:45 above 2877.00 would be unlikely to trigger the 2874.00 bias-down signal at 10:15. Exiting the open at 9:45 under 2880.50 would be unlikely to trigger the 2887.75 bias-up signal at 10:15.

Ignoring the bias signal again? Not exactly, but a little. Pushing higher just after this morning's pre-open Market Tour got through    both the earlier 2887.50 overnight high, and Sunday night's 2888.50 high. The push extended higher to 2897.50. That tested the 2896.25 bias-up target, which was tested post-open. In fact, a surge probed it up to 2899.50. Exiting the open at 9:45 above 2898.00 would have been likely also to exceed the 2896.25 bias-up target a half-hour later to renew the bias-up signal. But that was it for buyers. A reaction down only attacked the 2887.75 bias-up signal at 10:15 to trigger bias-up. And only piercing 2887.75 at 10:30 avoided invalidating bias-up. This is a bias-up environment. Having met its target already, its retest isn't require. And meanwhile backing-and-filling has reached 2882.50. The 2887.75 bias-up signal will require being retraced since its break originated during a bias-up environment. But it had better be exceeded to avoid a deeper intraday pullback, which could be much deeper.

TUE afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2884.00 2883.75 ...would target 2890.50 2890.25 Bias-down: under 2875.50 2875.50 ...would target 2869.00 2869.00 Signal status: BIAS-DOWN, BIAS-DOWN TARGET EXCEEDED . 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.

Looking lower for buyers. Reversing the gap up has persisted through the noon hour, after having persisted through the  morning. From blipping-up to 2899.50, the bias environment low tested 2873.00. And now the noon hour was just exited on its low print at 2660.00. The exceeds both bias-down parameters, renewing the bias-down signal. The next lower bias-down target at 2862.50 was within 3 ticks at 1:20, so the bias-down is not doubly-renewed. Instead it is bouncing to try triggering a 2866.00 buy signal.

The bullish template would have exited the noon hour back above its 2874.00 entry, to isolate the probe under the noon hour's low. That wouldn't have been necessary if the overnight low would have sufficed for retracing yesterday's late weak-handed squeeze.

Now a bounce could be attracted up to 2874.00, or to this morning's 2877.75 bias-up signal that was broken prematurely. But back under 2859.50 would signal the next downleg underway targeting 2839.25, for which there is no bullish reason.

Choppy overnight action had been hamstrung by Monday's late weak-handed short-squeeze. Retracing its 2868.50 origin had cleared the way for a fresh high at 2897.50. All before the open. Post-open was a different matter. The bias-up target held its test to avoid renewing the bias-up signal. A blip-up to 2899.50 was too late to gain traction, and only stretched the rubber band to snap back down. A lot -- the noon hour was exited at 2860.00. Being the session low, rallying into the final hour attacked 2882.00, only to fall back down to 2868.50. Again. And lower after the cash session close to 2863.25. Ultimately, Tuesday afternoon lacked momentum. Rallying Wednesday morning probably requires gapping up above the afternoon's 2880.50-2881.50 highs. "Unfinished business" above remains outstanding at 2887.75. Not rallying overnight or Wednesday morning probably breaks back under 2862.50 on the way to 2854.00-2855.00, and likely through it to 2839.25 unfinished business below. Details and other markets coverage are discussed in the post-market Wrap recording here. Monitor overnight Globex trading in the chaRTroom here.

WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2875.00 2875.00 ...would target 2883.50 2883.50 Bias-down: under 2864.50 2864.25 ...would target 2856.75 2856.50 Signal status: NO-BIAS, TESTED BIAS-UP SIGNAL AFTER RECOVERING TESTS OF BOTH BIAS-DOWN PARAMETERS . 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.