Proper context to start the day with a solid win, and make all the difference.

DAILY SCHEDULE Watch the pre-open Tour recording* HERE <<== *Manually open Adobe Connect (install on Windows or Mac), then paste the recording's link there. chaRTroom** is now open... Pre-open update is at 9:15 ET **This is NOT the direct chaRTroom link

Through the prior close... (summary of last Market Wrap) Rallying overnight from Friday's last minute 3543.00 low tested Friday's 3574.00-3578.50 highs. China trade headlines triggered a pre-open dip that was quickly reversed through Monday's open back up to 3588.00. The bearish WedEX influence took over from there, sending the bias environment down to 3549.00. Rallying sharply from there entered the final hour up to 3584.50 before ranging choppily sideways through the close. Overnight action's new info... (nearby chart is last intraday session and Globex) Monday's late consolidation didn't hesitate resolving up, and surging immediately to the 3597.50 bias-up target. Its consolidation eventually broke higher to touch 3606.00 by midnight. Sideways ranging since included a blip-up to 3608.00, whose reaction is now probing back under the range's 3597.50 support down to 3596.00. If, then... (notes to accompany the Tour recording) Yesterday afternoon's rally probably had pent-up buying pressure remaining at the close, making overnight follow-through likely. Extending higher overnight would also be the likely path higher if this morning intends to rally intraday since afternoon buyers didn't gain traction for their efforts. That said, gapping up doesn't ensure rallying intraday. The 3606.00-3608.00 area is a cluster of resistance that won't give way easily -- whether it defines the morning's upper-end, or attracts price back down to it after probing higher. If not already probing even higher pre-open, the morning might be spent backing-and-filling down to 3588.00-3592.00. Still reacting down through the open from the overnight tests of 3606.00-3608.00 would better enable the morning to rally back up to it. Meanwhile, seasonal bullishness all but prevents any credible downleg that hasn't yet begun probing a prior low by noon today. First Trade... (9:45 preliminary indications for the 10:15 Bias parameters)

Exiting the open above 3600.50 would be likely also to exceed the 3597.50 bias-up target to renew the bias-up signal. Exiting the open above 3590.75 would be likely at least to trigger the 3586.50 bias-up signal.

Chipping away at resistance. The open dipped to 3593.50, bottoming optimistically short of its potential down to 3590.00 and lower. Regardless of its degree or duration, the end of backing-and-filling was likely to test 3606.00-3608.00 resistance. Sawing through it has broken higher to 3618.00, with the next higher attraction being 3619.25, then potentially 3629.50. This action appears to be forming a Gap-and-pause setup. Trending should persist through the bias window, occasionally also into the noon hour. Then the afternoon fluctuates around earlier highs, never reacting down more than 61.8{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} back to earlier lows.

A pullback day tomorrow would follow a Gap-and-pause today, then extend the rally (delayed reward for this afternoon's buyers). Holiday influences could affect that, or its timing.

Regardless, only a surprising and substantial reversal down this afternoon could derail the seasonal pre-holiday bullishness. Extending higher isn't required, but ultimately likely, and ranging sideways this afternoon would not alter that likelihood.

TUE P.M. BIAS

At 1:20 the P.M. BIAS is BIAS-UP: above 3637.00 signal would target 3648.25. BIAS-DOWN: under 3625.25 signal would target 3616.75. NO-BIAS: between both signals. TUE afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3640.25 3637.00 ...would target 3651.50 3648.25 Bias-down: under 3628.50 3625.25 ...would target 3620.00 3616.75 Signal status: NO-BIAS . BIAS VIDEOS... INTRO // EXAMPLE

Gap-and-pause setup forming. Gapping up to 3602.50 initially dipped down to attack 3593.00, creating space for a bounce up to 3606.00-3608.00 resistance. Sawing through it was rewarded by testing higher attractions at 3519.25 and 3529.50 and attacking 3636.00 by noon. Ranging sideways since then may be forming the third stage of a Gap-and-pause setup. The first two stages gap and extend through the bias environment. The third stage only fluctuates choppily sideways through the close. Lows can retrace 61.8{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} back to the post-open low or opening print, at 3609.00 and 3615.00. The fourth stage would be tomorrow's pullback day, before rewarding this afternoon's buyers for preventing profit taking reversing this morning's rally. Pre-holiday influences might affect the setup's timing, or prevent it from tracking any further. Meanwhile, until signaled otherwise, probes of fresh highs this afternoon, or dips, are likely to return back to the morning's highs.

Surging out of Monday's 3575.50 close extended up to 3606.00, and ranged sideways into Tuesday's opening dip to 3593.25. Reacting back up to 3606.0-3608.00 began sawing through its resistance to suggest the balance of the morning intended to extend higher. Which it did in attacking 3636.00. Beginning to saw through resistance also suggested a Gap-and-pause setup was forming. So an attack on 3639.00 reacted down to 3623.50 while ranging sideways through the afternoon between both bias signals. The second day of Gap-and-pause setups are corrections. A pullback could test 3588.00 before threatening to attack 3574.00. However deep, the setup is searching for the stronger-handed sponsorship to resume the rally, that weren't attracted Tuesday afternoon. While seasonal holiday bullishness already suggests that having avoided a downleg for this long makes any later drop only temporary. The upcoming Thanksgiving holiday might interfere with the setup's timing, or may even have influenced price action to resemble a Gap-and-pause. Extending higher Wednesday would invalidate the setup, and next higher targets would be 3653.25, up to 3663.50. See details and other markets coverage in the post-market Wrap recording* here. *Manually open Adobe Connect (install on Windows or Mac), then paste the recording's link there. Monitor overnight Globex trading in the chaRTroom here [NOT the direct link].

WED A.M. BIAS

At 10:15 the A.M. BIAS is BIAS-UP: above 3641.75 signal would target 3656.25. BIAS-DOWN: under 3625.50 signal would target 3612.75. NO-BIAS: between both signals. WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3644.75 3641.75 ...would target 3659.25 3656.25 Bias-down: under 3628.50 3625.50 ...would target 3615.75 3612.75 Signal status: BIAS-DOWN . BIAS VIDEOS... INTRO // EXAMPLE