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

CHARTROOM LINK(s) o Win XP-Friendly entry o non-xp friendly (ilinc) (pre-open Market Tour begins at 8:55 ET)

Through the prior close... Surging into greeted Tuesday's open too optimistic after forming a Rising Wedge minutes earlier. The reaction down from 2024.00 to 2010.50 still triggered bias-up. The balance of the session trended back up to the pre-open high, and higher. Outside potential to the 2035.00 area triggered a 9-point reaction down that recovered to 2031.00 at the cash session close, and 2036.50 at the futures close. Buyers gained traction for their efforts. Overnight action's new info... Dipping shallowly back to 2031.00 waited until Europe's opens before resuming the rally. Trending up since then has extended to 2045.50. If, then... Gaining traction through yesterday afternoon's checkpoints should reward buyers by also probing higher during this morning's bias environment. That can be inverted if overnight action has already been rewarding. That's determined by whether the open holds the test of a relevant resistance -- be it calculable like the 2043.00 bias-up target, or structural like 2046.75 that was the last relative high, or that last relative high's 2038.50 prior low. Seasonal bullishness is helpful to extend a rally, but extending it too quickly can eventually be helpful to attracting shorts. First Trade... Exiting the open at 9:45 above 2046.00 would be likely to renew the bias-up signal by exceeding the 2043.00 bias-up target at 10:15. Exiting the open at 9:45 above 2038.50 would be likely to trigger the 2035.00 bias-up signal at 10:15.

Gap up maintained, but not necessarily extending. The opening print was shared by the 2043.00 bias-up target. The opening 15 minutes of volatility ranged faithfully around 2043.00. Congestion there makes trending away difficult, at least the first time. Probing up to 2047.25 has been retraced back down to 2043.00. Halfway to two-thirds through the opening 15 minutes of volatility didn't retrace or reject the gap up. Dipping any later would likely recover, probably from 2038.00. No relevant level's test during the opening 15 minutes of volatility wasn't maintained, so trending up remains possible. There's no requirement to extend higher. But the path of least resistance remains up. Extending higher would next target 2048.00, with potential to 2053.00 and 2058.00-2060.00.

WED afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2059.25  2050.00 ...would target  2064.25 2055.00 Bias-down: under  2052.25 2043.00 ...would target  2047.25  2038.00 Signal status: noN-BIAS, TESTED BIAS-UP SIGNAL FAQ INTRO VIDEOS #1 and #2 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.

Wednesday's late dip stopped within 1 point of its 2051.25 potential. The reaction recovered all but 1 tick back to the 2057.75 high. The high wasn't touched, leaving outstanding the overbought RSIs there requiring a retest. The RSIs retest is likely since sellers expended energy without gaining traction. That's due to a post-close reaction down that came within 1 tick of fulfilling the 2051.25 potential. Also, buyers gained traction for their efforts (I'm giving them a benefit of the doubt on the bias environment exit and final hour entry trending up.) Gapping down Thursday under Wednesday afternoon's 2048.00 low could form a "session-long decline" setup. But Thursday being a half-session can also be a wild card with the most reliable of setups. Details and other markets coverage are discussed in the post-market Wrap recording here: https://roddavid10.mitel-nhwc.com/join/cxsfymr

This evening, monitor overnight Globex trading in the chaRTroom at: non-xp ilinc

THU morning signal (triggered at 10:15 ET) SPX ES Bias-up: above  2069.25 2060.00 ...would target  2075.75  2066.75 Bias-down: under  2058.00  2049.00 ...would target 2052.25  2043.00 Signal status: NO-BIAS FAQ INTRO VIDEOS #1 and #2 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.