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) Friday was greeted by all imaginable good news, except that aliens had brought earthlings the formula for renewable energy. Brexit negotiation progress was reported, and a US-China trade deal was reportedly nearing. Trump would be meeting Liu before the market close, in time to also issue and announcement. The open which gapped up from 2939.00 to 2969.00 and then extended intraday to 2994.00 by the morning bias environment's exit. Strongly trending mornings tend to produce the session high, so we anticipated flat or flat-to-lower ranging through late afternoon, with downside headline vulnerability. In fact, a pullback to 2978.00 suddenly spiked down to 2967.50 in reaction to a headline, and then surged back up again. Eventually recovering to within 1 point of the morning's high found the China trade deal announcement to be lacking. Its reaction collapsed from 2993.00 to test 2964.00 through the close. Overbought RSIs at the 2994.00 high were left outstanding as "unfinished business" above. Overnight action's new info... (nearby chart is last intraday session and Globex) Ranging so far has gone from one bias target to the other. Sunday night's open was essentially flat with Friday's 2968.50 cash session close. It soon bounced up to 2982.50, forming a Symmetrical Triangle that greeted Europe's opens at this morning's 2972.75 bias-up signal. Suddenly, Brexit and China trade deal headlines each are leaning the other way. Breaking lower soon attacked Friday's low at this morning's 2965.00 bias-down signal, and its corrective bounce has broken lower to test 2954.00. Its reaction is probing back above this morning's 2957.50 bias-down target. If, then... (notes to accompany the Tour recording) 2957.50 and 2950.50 define the 38.2-61.8{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} gap-to-gap retracement between Thursday's close and Friday's open. Its 2954.00 midpoint can also be influential, so any recovery from here already underway into the open would be credible for extending higher this morning. A recovery should be underway into the open if the overnight Symmetrical Triangle will be influential intraday: breaking  falsely initially in one direction and then reversing more substantially in the opposite direction. There's also "unfinished business" at overbought RSIs from Friday's 2994.00 high requiring an eventual retest, which is likely sooner rather than later, so long as pullbacks hold the 2957.50 and 2950.50 gap-to-gap retracement. The Symmetrical Triangle's recovery influence must be obvious through the open, or else its original break will likely extend down to "lower prior highs" under 2940.00. First Trade... (preliminary indications for the Bias parameters) Exiting the open at 9:45 above 2968.25 would be likely at least to trigger the 2965.00 bias-down signal at 10:15. Exiting the open at 9:45 under 2961.75 would be likely to trigger bias down at 10:15.

Sell signals holding their tests. The overnight drop to test 2954.00 held its test of the 2957.50 bias-down target. The open was greeted at the 2965.00 bias-down signal. And now the 10:15 bias timing window has triggered no-bias, putting into play an offsetting test of the 2972.75 bias-up signal. 2954.00 represents the midpoint of the gap-2-gap support between 2950.50-2957.50. There's no bullish reason to revisit it overnight, and one chance to hold its test intraday without extending to test "lower prior highs" under 2940.00. Meanwhile, the open held s 2964.00 low. This  stays in the orbit of Friday's late afternoon 2993.00 high, keeping alive its retest potential. The overnight Symmetrical Triangle didn't recover enough for its initial break lower to be considered false and likelier to reverse up. Unless this morning's bias environment exit resumes declining, retesting Friday's highs today remains possible, if not also likely.

MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2975.00 2974.75 ...would target 2981.25 2981.00 Bias-down: under 2964.00 2963.75 ...would target 2957.75 2957.50 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.

Unchanged, ranging narrowly, and the afternoon. Afternoons are difficult to start trending. More so, while ranging narrowly, and around the natural attraction of being unchanged. Triggering no-bias doesn't help. The post-open recovery had held three tests of 2972.00 during this morning's bias environment. Coming within 1 tick of the 2972.75 bias-up signal neutralized its no-bias attraction. The noon hour's reaction down to 2966.00 has been tested three times, too, also triggering no-bias -- but without an attraction, only the likelihood for the 2963.75 bias-down signal to define the window's lower-end if tested. Trending again today at all isn't required. Probing lower is possible, and likely to be recovered. Fresh post-open highs isn't assured but would be credible for extending, possibly retesting Friday's highs.

Trending down Sunday night to probe under Friday's late 2964.00 low was recovered at Monday's open. But only back to unchanged at Friday's 2968.50 cash session close. Holding on through the open helped to break free from any attraction back down to overnight lows. But a recovery didn't exploit it. Instead the balance of the session only fluctuated choppily around 2968.50 between 2964.50-2971.00. The session wasn't entirely without relevance or predictive value. Sunday night's 2954.00 low held the gap-to-gap retracement between Thursday's close and Friday's open. Its retest overnight is likely to extend to "lower prior highs" under 2940.00. Its test intraday would have one brief chance to recover or else to extend down anyway. Also, by not extending Friday's late drop, the congestion is adding relevance to its knee-jerk reaction to the late China trade headline. If Friday's highs are retested, then a subsequent break lower would be very likely to extend down aggressively. For now, there's no attractive positioning from a narrow range flat market, not even with only unfinished business at Friday's 2994.00 high, not until triggering an intraday signal. 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 2974.00 2973.75 ...would target 2981.25 2981.00 Bias-down: under 2960.00 2960.00 ...would target 2953.00 2953.00 Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED . 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.