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) Friday's dip under Friday's late low by 2-3 points down to 3216.00 was too late to reflect strong-handed buyers. That doesn't prevent weak-handed rallying anyway, which was leveraged by Friday Factors like the morning's bias persisting through the noon hour. Another factor plays when exiting the afternoon bias environment above the noon hour high, to likely trend up into the close. This setup formed and took price much higher to 3296.25. Its session high was consolidated through the last half-hour. Overnight action's new info... (nearby chart is last intraday session and Globex) Sunday's open quickly returned to Friday's 3296.25 late high. Fluctuating narrowly, flat-to-higher around Friday's high, began rallying more overtly at midnight. Greeting Europe's opens higher has now extended more aggressively to test 3333.00. If, then... (notes to accompany the Tour recording) The overnight rally doesn't qualify as fulfilling Friday afternoon's PM Traction setup. Its influence applies only to the morning's bias environment, and carries through the weekend only if the open trends up. Meanwhile, a Relentless overnight trending setup has formed, and trending up through the open would reflect intraday reinforcements had arrived. Trending down through the open would invert the setup, and suggest the morning is reversing back down. Reversing has room down to 3204.00-3209.00 before starting to signal that Friday's rally is being retraced, too. An eventually bearish scenario would consider today's strength as weak-handed due to thinner participation during the Yom Kippur holiday, while also neutralizing unfinished business still outstanding from 3341.00, first. First Trade... (9:45 preliminary indications for the 10:15 Bias parameters)

Exiting the open 3312.00 would likely exceed the 3309.00 bias-up target to renew the bias-up signal. Exiting the open above 3299.25 would likely at least trigger the 3295.00 bias-up signal.

Testing resistance at higher attractions. The post-open blip-up to 3339.00 reversed down through the open to ultimately test 3322.00. But the open's downtrending wasn't fully formed. So, although not forming a position of strength, and while going on to form a position of weakness, potential for recovering to a fresh high couldn't be dismissed.

In fact, fresh highs have now fulfilled potential up to 3341.00-3343.00, probing up to 3346.50.

Meanwhile, price action is only fluctuating around 3341.00-3343.00. And while the open's delayed position of weakness allowed the higher high's test, the open's eventual position of weakness made its rejection likely.

In fact, the reaction down is now testing 3336.00 back under the open's surge.

Neutralizing upside attraction and reacting sharply doesn't yet reverse the intraday trend back down. Back under the 3333.00 open would start to confirm, and more so by exiting the bias environment back under the open's 3322.00 low. Especially since that low is 3322.00, which was the higher prior low from below. Otherwise, another buy signal could capitalize on today's weaker-handed volume even more so than already, by extending to 3350.50 or even to 3361.00.

MON P.M. BIAS

At 1:20 the P.M. BIAS is BIAS-UP: above 3344.50 signal would target 3355.00. BIAS-DOWN: under 3327.00 signal would target 3311.50. NO-BIAS: between both signals. MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3355.50 3344.50 ...would target 3366.00 3355.00 Bias-down: under 3337.75 3327.00 ...would target 3322.25 3311.50 Signal status: NO-BIAS . BIAS VIDEOS... INTRO // EXAMPLE

But trying to probe higher. The post-open probe above 3341.00-3343.00 up to 3346.50 was retraced back down to 3328.50. Rather than extend lower, the balance of the morning ranged sideways. Sideways ranging persisted through the noon hour. This afternoon's 3344.50 bias-up signal wasn't even touched before signaling no-bias. Touching it at 1:30 was too late to invoke a grace period, and too shallow to invalidate no-bias. This is a no-bias environment. No higher target is in-play. And the window's upper-end should be defined by its 3344.50 bias-up signal. Probing anyway above the bias-up signal -- now testing 3349.00 -- is no-bias trending, that requires being retraced to 3344.50 if still above it when the bias environment begins lapsing. There's potential up to 3350.50 but no requirement. A bearish complex-like Ascending Triangle pattern could form, albeit not from an optimal approach into its high. This being a less than well-attended session, trending is difficult to start, and difficult to stop once started. Drifting higher can't be dismissed, but any downdraft could target 3309.00-3311.50. And a shallower downdraft could form a bullish Gap-and-go setup.

Sunday night's relentless overnight trending up to 3337.50 didn't trend up through Monday's open. But the open didn't fully form a downtrend while dipping to 3222.00, keeping the door open to higher highs intraday. Higher objectives tested up to 3343.00 and 3350.50 which the balance of the session hovered around through the close. A potentially bullish Gap-and-go setup formed by probing higher during the bias environment, and then only ranging sideways. Its reward is to trend above Monday's highs. Already fulfilling its objective Tuesday morning would be vulnerable to reversing down through the close. The bullish Gap-and-go with a pullback day Tuesday would still be able to resolve up Wednesday and trend above Monday's highs. In either case, reversing down too deeply Tuesday -- for example, failing to hold Monday's 3309.00-3311.50 gap-to-gap retracement -- may already be reversing the weak-handed rally. Meanwhile, a second consecutive higher close on Tuesday would confirm Monday as a breakout above last week's range. A required eventual third higher close could extend, but that resolution would be unusual for the bigger picture's retracement of June's complex Ascending Triangle. 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].

TUE A.M. BIAS

At 10:15 the A.M. BIAS is BIAS-UP: above 3350.50 signal would target 3366.00. BIAS-DOWN: under 3333.00 signal would target 3317.75. NO-BIAS: between both signals. TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3361.50 3350.50 ...would target 3377.00 3366.00 Bias-down: under 3343.75 3333.00 ...would target 3328.50 3317.75 Signal status: NO-BIAS . BIAS VIDEOS... INTRO // EXAMPLE