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) Trending up Friday wasn't likely without gapping up above Thursday's 3565.00 highs. Their overnight test up to 3569.00 had reacted only enough to make its retest likely before trending back down. Slow-playing the overnight high's retest leveraged the Friday Factors to essentially marginalize strong-handed sellers as the weekend's illiquidity approached. The post-open dip to 3547.50 was reversed to trend up into the last half-hour at 3590.00, aided by a PM Drift setup that is also one of the Friday Factors. Overnight action's new info... (nearby chart is last intraday session and Globex) So much for correcting. Sunday night's gap up surged through both bias-up parameters to essentially duplicate last Sunday night's open. Consolidating at 3611.00 was finally probed at midnight to attack 3618.00. Reacting back down to 3603.00 through Europe's opens went right back to fluctuating around the 3611.00 earlier Globex high. Then almost to the exact minute as Pfizer's announcement last week, Moderna headlines triggered spikes up to 3625.00 and 3637.00. Which is being retraced back down to 3615.00. If, then... (notes to accompany the Tour recording) Will it, or won't it? Last Monday's mid-day 3592.00 higher prior lows was touched only near Friday's close. Any earlier, or any other day, would have required that a rally today begin by gapping up above that same mid-day structure's 3618.00-3623.00 interim high. The setup is in-play anyway, first probing its lower-end, and now probing above its upper-end. Holding up through the open would keep in play last Monday's 3640.50 and 3668.00 unfinished business. Otherwise, duplicating last week's reversal down is possible, albeit probably not with similar characteristics -- possibly more aggressively. First Trade... (9:45 preliminary indications for the 10:15 Bias parameters)

Exiting the open above 3608.00 would likely exceed the 3600.50 bias-up target to renew the bias-up signal. Exiting the open above 3593.50 would likely at least trigger the 3587.50 bias-up signal.

This one has traction. Surging pre-open on vaccine headlines, trending back down through the open, probing back under the headline's origin... Sound familiar? That was last Monday, but completing the headline's retracement took all day. Thanks in part to shallower headline reactions, their 3608.50 origin was retraced at the open. All on the way down to 3597.00, which was already reacting up before the first half-hour ended. And that reaction up has extended to 3618.00. This was last night's high pre-vaccine headline, also last Monday midday pivotal high, natural resistance. But sellers expended a lot of energy just to hold a test of the 3600.50 bias-up target as support, and to renew the bias-up signal at 10:15. Unless rejected into the noon hour, orbit around last Monday's highs is re-entered and its gravitational pull is now in effect. Back under 3607.00 would otherwise start to signal another downleg.

MON P.M. BIAS

At 1:20 the P.M. BIAS is BIAS-UP: above 3626.75 signal would target 3640.50. BIAS-DOWN: under 3611.50 signal would target 3599.25. NO-BIAS: between both signals. MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3631.00 3626.75 ...would target 3644.75 3640.50 Bias-down: under 3615.50 3611.50 ...would target 3603.25 3599.25 Signal status: BIAS-DOWN . BIAS VIDEOS... INTRO // EXAMPLE

Still ranging. This morning's likely bounce objective was probed by 1 point up to 3623.50. Its reaction violated a pullback limit as the morning bias environment began lapsing. The 3611.50 bias-down signal's 3599.25 bias-down target is in-play. Trending down through the noon hour attacked 3601.00 as the afternoon bias environment was entered. Simultaneously oversold RSIs there requiring a retest suggest its reaction up to 3607.50 will fail. The afternoon bias window is still fresh enough to assume bounces will fail. But when the window lapses, still trading so much into positive territory could trigger a rally into the close.

Sunday night already gapped up and extended to a 37-point gain at 3618.00 before Moderna's vaccine headline triggered surges up to 3637.00. Which the open mostly retraced down to 3597.00 before recovering up to 3623.00. That was also retraced to 3597.00 before recovering back up through 3623.00 by 6-7 points through the close. Last Monday's Pfizer vaccine reaction developed similarly. The pre-open surge was never retested intraday as the entire move was eventually retraced. The similarities weren't necessarily identical. Last week's retrace took all day, including the last half-hour's collapse. This week's retrace was complete by the first half-hour, and the last half-hour surged. Being in the orbit of last Monday's unfinished business at 3640.50 and 3668.00 keeps their attractions in-play. Having trended up into the close, gapping down Tuesday under Monday afternoon's 3697.00 low could form a session-long decline setup. Any shallower opening weakness could still retest oversold RSIs at Monday morning's low, but probably not collapse. 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 3633.00 signal would target 3643.00. BIAS-DOWN: under 3622.25 signal would target 3610.25. NO-BIAS: between both signals. TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3637.25 3633.00 ...would target 3647.25 3643.00 Bias-down: under 3626.25 3622.25 ...would target 3614.25 3610.25 Signal status: BIAS-DOWN, BIAS-DOWN TARGET EXCEEDED . BIAS VIDEOS... INTRO // EXAMPLE