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... Gapping up Tuesday to 2728.00 extended higher to touch the rally's next target at 2737.00. A deep reversal through the noon hour barely probed negative territory, but came within 1 tick of the afternoon's 2722.00 bias-down target. Which itself can form a bottom, but its recovery was premature. Recovering to probe the morning's high by 3 ticks up to 2737.75 began during the bias-down environment, from under its 2728.50 signal, which requires its eventual retest (and often also the 1:20 print, which was 2725.50). Reacting down through the 2735.00 cash session close extended to 2731.00. Overnight action's new info... Tuesday's late reaction down extended slightly lower at the Globex open to attack 2730.00. Sideways ranging up to 2735.00 persisted through the State of the Union and midnight. The range suddenly resolved down, sliding sharply through Europe's opens to 2724.50. Its reaction up just tested the earlier range's 2730.00 lower-end. If, then... (notes to accompany the Tour recording) A "pre-check" Email Alert this morning received zero bouncebacks, suggesting that yesterday's Yahoo and Gmail issues are resolved. If you provided an alternative email address, you're welcome to remove it from the distribution list at your leisure. As always, please check the Roadmap blog for the latest scheduled post if you ever suspect an Alert has not been delivered to you... The rally's adjusted 2751.00 target and its room for noise up to 2757.00 remain in-play. Upside momentum isn't intact, since yesterday's late dip violated the afternoon rally's last pullback limit. The rally was suspicious anyway, having left "unfinished business" below at 2728.50 if not also at 2725.50. Both were neutralized overnight, stopping short of Tuesday's 2722.25 low to (so far) avoid reversing the near-term trend back down. that doesn't reinstate upside momentum by default, still needing to trigger a buy signal. And like Monday's open, that's difficult to do from opening within the range, so the initial strategy will be to exercise patience, and to first consider fading a trending attempt. First Trade... [Click here to view the Bias parameters] Exiting the open at 9:45 above 2731.00 would be unlikely to trigger the 2727.75 bias-down signal at 10:15. Exiting the open under 2725.50 would be likely to trigger bias-down.

Pre-open recovery and post-open surge crumble. Ranging sideways through midnight between 2730.00-2735.00 had broken sharply lower to 2724.50. All of which was still within yesterday afternoon's range. And all of which was recovered before the open up to 2733.00 and then post-open up to 2736.50. All of which has been reversed to probe under the overnight low down to 2722.25. And all of which is within yesterday afternoon's range. Meanwhile, the 2727.75 bias-down signal has triggered, putting into play its 2720.75 target. A bounce would be likely to fail and the trend is likely to resolve down. But a bounce does have room to probe the 2727.75 bias-down signal and room for noise up to 2730.75 before suggesting a bigger detour underway to the upside, instead.

WED afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2736.00 2734.75 ...would target 2742.75 2741.50 Bias-down: under 2727.00 2725.75 ...would target 2721.00 2719.75 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.

Volatility has gone into hiding. The post-open slide that triggered bias-down probed the 2724.50 overnight low on the way to touching yesterday's 2722.25 low. But no lower. Probing fresh lows during the 10:15-10:30 window made a recovery very unlikely. A recovery, but not necessarily a retracement. In fact, the post-open slide was retraced almost entirely to within 1 point of its 2736.50 high. And "unfinished business" was left outstanding at this morning's 2720.25 bias-down target. Dips since the recovery have repeatedly tested 2726.50 as support. But there are no indications of trending, especially as this afternoon's no-bias signal is triggered without testing either bias signal. Be careful in this environment not to force a trade. UPDATE: Subscribers should be receiving all Email Alerts now. Please never hesitate to reach out if you're unsure, so we can address the potential issue immediately.

UPDATE: Gmail appears to have resolved its email issues. Please let me know otherwise if you've missed any of Wednesday's Email Alerts. Thank you! Wednesday was pretty volatile for an inside day. So was the overnight action preceding it. Both contained round trips that at first dived sharply, and then recovered entirely. Which defines Tuesday intraday pattern, sliding 25 points down to 2722.25 and then recovering back to the morning's high. The overnight action was shallower, dropping 11 points before recovering into the open. Which had initially surged before collapsing 14 points to touch Tuesday's 2722.25 low. Its recovery was quick, and quickly peaked within 1 point of the post-open surge up to 2735.50. The post-open collapse had triggered bias-down, and confirmed it with fresh lows between 10:15-10:30. Its 2720.25 becomes "unfinished business." Nothing about an inside day requires that it resolve within any specific time frame, or even that it resolve first in either direction. Similarly, nothing about an inside day undermines the underlying trend, which in this case is targeting 2751.00. But a rubber band stretch down or else a gap up are the fastest ways to resume trending. 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 2736.75 2735.50 ...would target 2742.00 2740.75 Bias-down: under 2726.75 2725.50 ...would target 2719.50 2718.25 Signal status: BIAS-DOWN, BIAS-DOWN 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.