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) Thursday afternoon's slide had extended overnight to attack 3720.00 and almost recovered back up to the 3780.00 cash session close. But gapping down 20 points Friday eventually slid through the noon hour down to 3685.50. Trending up into the last half-hour reached 3735.00 but collapsed down to 3695.50 through the close. Overnight action's new info... (nearby chart is last intraday session and Globex) Sunday night satisfied all expectations, especially those that weren't expected. Friday's compelling hold-short setup was disqualified for being a weekend -- the timing inhibits lower overnight prices from being maintained. So, Sunday night's open spiked down to within 2 ticks of the lower objective that Saturday Review had identified as the next lower objective at 3656.00. An immediate reversal since then has trended back up steadily. Unchanged was retraced within 3-4 hours, and 3751.00 was just tested. If, then... (notes to accompany the Tour recording) The overnight test of 3751.00 is its first probe above 3742.00. There was already no bullish reason for its support test on Wednesday. Revisiting it Friday showed why, but now its likely minimum objective is met. This test as of 3742.00 as resistance can tell us whether the drop was sufficient, which overnight tests often aren't. Greeting the open in rally mode would help to avoid another pullback down to 3695.00-3700.00. The reward for holding it this morning, or for avoiding it altogether, could be new highs. The consequences of anything more than a morning pullback begin with retesting the overnight low. Bias Parameters... (linked here)

And now exceeded. This morning's 3730.00 bias-up target was already exceeded overnight up to 3751.00. But that was a singular probe above 3742.00, a more critical level. And 3742.00 held. Reacting down extended through the 3740.00 open to test its 3718.25 gap-to-gap proxy by 1 point. The first reaction up from the previous trend's extreme recovered a correction, and extended to its likely attraction at 3742.00. All of which is developing while GME is being halted down one-third. The 3730.00 bias-up target was being tested at 10:15 to avoid renewing the bias-up signal. Exiting the bias window at 11:30-noon back under its 3715.50 bias-up signal could isolate this morning's optimism to retest Friday's lows, if not also Sunday night's low. Entering the noon hour above the 3751.00 overnight high would keep in-play the potential for new highs.

MON P.M. BIAS

At 1:20 the P.M. BIAS is BIAS-UP: above 3766.00 signal would target 3777.00. BIAS-DOWN: under 3750.50 signal would target 3741.50. NO-BIAS: between both signals. MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3773.50 3766.00 ...would target 3784.50 3777.00 Bias-down: under 3758.00 3750.50 ...would target 3749.00 3741.50 Signal status: LATE BIAS-UP . BIAS VIDEOS... INTRO // EXAMPLE

Fresh high now reacting down. This morning's rally extended sharply higher, and through the noon hour. The afternoon's 3766.00 bias-up signal triggered late, but a fresh high after 1:30 confirmed. Its 3777.00 bias-up target is in-play. Meanwhile, that confirmation is being exploited by a reaction down to 3762.00. Another 2 points lower would trigger a sell signal. Back above 3767.50 would signal the rally had resumed. The earnings season remains active, although today's remaining announcements aren't as high-profile as those scheduled for tomorrow and onward. Just for having trended so substantially already, and for having extended through the noon hour, extending any higher today becomes more difficult.

The pullback's next lower objective at 3656.00 was attacked to within 2 ticks by Sunday night's 41-46 point opening plunge. Reversing up immediately trended well into positive territory overnight. Monday's open also collapsed about 30 points before it also reversed up to probe well above overnight highs intraday. Reversing down from the afternoon's 3777.00 bias-up target extended to 3757.00 through the close. Trending through all three morning, noon hour, and afternoon timing windows is unusual. So, extending the intraday trend Monday afternoon was unlikely. It extended anyway. But no PM Traction was gained despite exiting the bias window above the noon hour range. Regardless, the burden of proof shifts back to sellers. Sunday night's low fulfilled the next lower objective at 3656.00 and recovered to close above a prior high. That was Friday afternoon's high. Friday morning's 3770.00 highs were still being tested, and their recovery through a close would help to confirm  this bounce is targeting 3823.50, if not also new highs. 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 3770.50 signal would target 3780.75. BIAS-DOWN: under 3753.50 signal would target 3744.00. NO-BIAS: between both signals. TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3778.00 3770.50 ...would target 3788.25 3780.75 Bias-down: under 3761.00 3753.50 ...would target 3751.50 3744.00 Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED . BIAS VIDEOS... INTRO // EXAMPLE