TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above  2024.75 2015.00 ...would target  2031.75  2022.25 Bias-down: under  2016.50  2007.00 ...would target 2011.25  2001.50 Signal status: LATE BIAS-UP, BIAS-UP TARGET MET 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.

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... Monday's gap up returned to the 2013.75 overnight high after having dipped pre-open to 2006.00-2007.00. The opening strength didn't extend, and eventually capitulated back under 1996.00. That essentially filled the gap back down to Friday's close, and essentially fulfilled the bearish WedEX. The noon hour's bounce up to 2006.00-2007.00 was retraced back toward the low, and then recovered again into the close. Overnight action's new info... The close's recovery of 2006.00-2007.00 had extended 5 more points into the cash session close and 10 points by the 2016.00 futures close. That eventually extended to 2023.25 overnight, until Europe's opens triggered a dive attacking 2006.00-2007.00. Now that is being recovered to 2020.00. If, then... Yesterday's late surge was targeting 2006.00-2007.00. Extending through it to whatever degree, even by 15-16 points to 2023.00, didn't prevent dipping back down overnight to 2006.00-2007.00. Breaking under it would reinstate the retest of Friday's 1991.00 low. That window remains open, but probably not past this morning as seasonal influences start inhibiting trending -- if they haven't already begun. First Trade... Exiting the open at 9:45 under 2006.00 would be likely also to trigger the 2007.00 bias-down signal at 10:15. Exiting the open above 2012.00 would be unlikely to trigger bias-down. Exiting the open at 9:45 above 2018.00 would be likely to trigger the 2015.00 bias-up signal at 10:15.

Pre-open surge steals post-open thunder. The overnight slide from 2023.25 to 2007.25 had recovered to form a Rising Wedge. Any post-open strength from the pattern would have been credible to extend sharply higher. But a pre-open surge to 2024.00 fulfilled the 2022.25 bias-up target and inhibited post-open sponsorship. Reacting down became likelier, and the open extended down to 2011.50. Both bias-up parameters had been tested, and both almost rejected, except the grace period was invoked. Dropping to 2010.75 recovered the 2015.00 bias-up signal in time to trigger late. Its recovery has extended to 2019.25. Extending higher could reach 2027.00 just as noise around the open's range. Having already met the 2022.25 bias-up target, its retest isn't required. Having triggered late bias-up, sellers aren't marginalized. Back under the 2015.00 bias-up signal by 2-3 ticks would be credible for reversing momentum down. The window for retesting Friday's 1991.00 low is rapidly shrinking.

TUE afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above  2031.50 2022.25 ...would target  2037.00  2027.75 Bias-down: under  2020.50  2011.25 ...would target 2015.25  2006.00 Signal status: waiting for trigger 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.

Post-open slide's recovery is probing higher. The pre-open premature break up to 2024.00 had become a false break. Occurring just 15 minutes prior to the open instead of at the open made all the difference between attracting new sponsorship or repelling it. The reaction fell to 2011.00. But the 2015.00 bias-down signal avoided triggering, and the balance of the bias environment firmed to attack its bias-up target to within 1 tick at 2022.00. The noon hour firmed to probe a fresh high at 2025.00.

That's quite a bit above the 2006.00-2007.00 line in the sand which would reinstate the attraction back to Friday's 1991.00 low. And it's already quite a bit closer to the 2027.00 potential upside.

Getting too far ahead of the seasonal holiday bullishness too early? A preemptive dip to test 2017.50 would help to preserve the upward trending.

Otherwise, the risk is stretching the rubber band, either to surge through the range's 2027.00 upper-end, or else inverting back down to the range's 2006.00-2007.00 lower-end.

Buyers gained traction for Tuesday's efforts. The 2027.75 bias environment exit was above the noon hour's 2025.00 high and the 3:10-3:20 window trended up to fresh highs (a proxy for the final hour's entry not clearly probing above the bias environment's 2029.25 high). Their reward is to probe fresh highs through Wednesday morning's bias environment. Already probing higher overnight and rejecting it through Wednesday's open could trigger the inverse. And having trended up into Tuesday's close, gapping down under Wednesday afternoon's low could form a "session-long decline" setup. Reversing down Wednesday is a risk because Tuesday's high fulfilled its outside potential to 2035.00. But higher highs are likelier for having closed above 2027.00 to avoid reversing the trend down. And seasonal bullishness can be influential -- as if it isn't already. Details and other markets coverage are discussed in the post-market Wrap recording here: https://roddavid10.mitel-nhwc.com/join/tyfxwjt

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

WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above  2044.25 2035.00 ...would target  2052.25  2043.00 Bias-down: under  2033.75  2024.50 ...would target 2028.00  2018.75 Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED 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.