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... Probing well under Monday's 2892.25 low down to 2883.50 was recovered to greet Tuesday's open at or above 2897.00. Probing lower only overnight formed the basis for an Isolation setup, to be rewarded by recovering Friday's 2917.25 overnight high. Quickly extending the open up through Monday afternoon's last relative high at 2903.00 served by proxy to signal the two-day pullback had ended, also implying a recovery of prior highs. Both were fulfilled Tuesday afternoon. Their tests up to 2917.75 held, as the close reacted down to attack 2910.00. Overnight action's new info... Bouncing up to 2915.25, which is this morning's bias-up signal, reacted down to 2909.00. Another bounce was shallower, bouncing only to 2913.25, which has defined price action ever since. And currently, the range's lower-end at 2909.00 is being attacked. If, then... (notes to accompany the Tour recording) Retesting Friday's highs shouldn't be the recovery's ultimate objective, but incidental to the uplegs now underway. A top should not be forming, although Wednesday might appear that way. The Yom Kippur holiday's thinner volume will inhibit probing a prior extreme, which enables retracing recently covered ground. A pullback could easily dip to 2903.00 alone as noise. That said, thinning volume can make it difficult to stop price that extends higher anyway, which an appropriate catalyst could trigger. First Trade... [Click here to view the Bias parameters] Exiting the open at 9:45  above 2909.00 would be unlikely to trigger the 2908.00 bias-down signal at 10:15. Exiting the open under 2912.25 would be unlikely to trigger the 2915.25 bias-up signal at 10:15.

Pre-open lows reverse up through the open, then stop. Overnight action had ranged sideways down to 2909.00. Probing lower 90 minutes before the open reflects late sponsorship that often fails. It failed this time, too, surging from 2906.00 to open unchanged at 2911.50. More so, the surge extended up to 2917.25. In the first 3 minutes. One hour earlier, the 2908.00 bias-down signal was in jeopardy, and suddenly the 2915.25 bias-up signal is threatening to trigger. It didn't. Triggering no-bias has put into play an offsetting test of the 2908.00 bias-down signal. Price has trended back down to 2910.00. The thin volume environment remains difficult to trend to new extremes, and more vulnerable to retracing recently covered territory.

WED afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2918.25 2918.25 ...would target 2918.00 2924.00 Bias-down: under 2905.75 2912.00 ...would target 2901.25 2907.50 Signal status: NO-BIAS . NEW: 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.

Narrow choppy range behaving normally. The open's surge probed its 2915.25 bias-up signal by 2 points and still failed to trigger. It wasn't even close, already probing 2 points under 2915.25 to trigger no-bias. And it was confirmed by a fresh post-10:15 low at 2910.00. Which has been the session low. An offsetting test of this morning's 2908.00 bias-down signal became "unfinished business." Now this afternoon's no-bias has triggered, too. Its 2912.00 bias-down signal should define the window's lower-end if tested. Probing it anyway -- for example, down to 2908.00 -- would be "no-bias trending" that requires being retraced. Probing it even deeper, to 2903.00 or lower, would still require retracing unless delayed until the bias window begins lapsing. The narrow choppiness and unfinished business isn't unusual for the low volume session. Trending up would be unusual, and no sell signal has triggered, but a probe of fresh highs is still possible.

Wednesday's biggest setup formed before the open, and played out mostly before the open, too. It was the late break from a sideways Globex range. Probing 3 points under it to 2906.00 90 minutes before the open was recovered entirely and then extended up to 2917.00 through the first 3 minutes. Its reaction down to 2910.00 was recovered to attack 2919.00. Almost as much, and no more durable. The balance of the session consolidated back to 2912.50. Trending would have been unusual for a low volume session. A little deeper retracement to 2903.00 wouldn't have been unusual, but perhaps the opening surge injected too much optimism. That early optimism did hold a test of the morning's 2915.25 bias-up signal to put into play an offsetting test of its 2908.00 bias-down signal, which became "unfinished business." If not for the holiday's impact on participation and volume, the rally would have resumed already. It's free to resume Thursday, or overnight, with or without neutralizing 2908.00, which can be done overnight, too. Deeper down to 2903.00 is still likely to hold, and momentum doesn't even threaten to reverse down from above 2900.00. Details and other markets coverage are discussed in the post-market Wrap recording here. Monitor overnight Globex trading in the chaRTroom here.

THU morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 2912.00 2918.25 ...would target 2918.75 2925.00 Bias-down: under 2902.00 2908.00 ...would target 2895.00 2901.00 Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED . NEW: 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.