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's late drop from 3808.00 was weak-handed sponsored, but it extended down nonetheless. First overnight and then through Friday's first hour to 3741.50. The morning bias window retraced the post-open drop, and the afternoon bias window extended it slightly to 3778.00. Another late drop, also weak-handed, collapsed through the expiration close to 3748.00. Overnight action's new info... (nearby chart is last intraday session and Globex) A slightly lower low Sunday evening touched 3740.50, but quickly recovered to range flat-to-higher into Monday's early holiday close. Monday night's re-opening quickly traded through Friday's highs, and extended to test 3796.00. That was before midnight, ranging choppily since then between 3782.00-3792.00. If, then... (notes to accompany the Tour recording) From Thursday's late break lower at 3801.50-3805.50, to the expiration and 3-day weekend timing, the week-ending drop was likely sponsored by weak-handed sellers. However, the rally's measurement since Friday's close only qualifies so far as a correction, and doesn't yet prove it will extend higher this morning. The alternative to extending higher this morning would more likely probe under Friday's 3778.00 highs. Extending higher this morning or this afternoon would target  unfinished business above, including a new high close. Bias Parameters... (linked here)

Testing Friday afternoon's highs as support. Surging 13 points through 3783.00 into last night's high formed a singular surge that never improved. Instead price action since then continually chipped away at 3783.00 as support, not attracting stronger-handed buyers. Market Tour described the attraction back down to Friday afternoon's 3777.00-3778.00 lower prior high. The opening bar's blip-up to 3792.00 snapped back down and extended lower through the first half hour to 3775.50. Ranging choppily since then back up to 3783.00 is still above the 3771.00 bias-up target. The morning timing window is a renewed bias-up. 3771.00 could still be tested as support. This morning. Any lower could be too deep to stage an afternoon recovery. Back above 3785.00 would at least target a corrective bounce attacking 3791.00, and threaten to resume the overnight rally.

TUE P.M. BIAS

At 1:20 the P.M. BIAS is BIAS-UP: above 3790.75 signal would target 3803.00. BIAS-DOWN: under 3774.00 signal would target 3766.00. NO-BIAS: between both signals. TUE afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3798.50 3790.75 ...would target 3710.75 3803.00 Bias-down: under 3781.75 3774.00 ...would target 3773.75 3766.00 Signal status: BIAS-UP . BIAS VIDEOS... INTRO // EXAMPLE

And a 5-stage pattern is continuing. Morning pullback potential was to test Friday afternoon's 3777.00-3778.00 prior highs, potentially down to their 3770.00-3771.00 lower prior highs. The eventual low attacked 3772.00 as the bias environment began lapsing. Rallying since then through the noon hour has triggered bias-up, now retesting last night's high up to 3797.00. The 3803.00 bias-up target is in-play. The only thing inhibiting further recovery may be post-close earnings including NFLX, and then only temporarily, if at all. Meanwhile, a 5-stage pattern developed during the noon hour. Rather than its 4th stage plateau correcting back into the 3rd stage Wedge, the plateau broke higher. This all but marginalized sellers for the day, while entrenching its rally through the afternoon bias window.

Rallying since Friday's close was substantial, but hasn't yet retraced Thursday's late break from 3802.50-3805.50 to confirm the interim dip was weak-handed. The noon hour's 5-stage pattern marginalized sellers to trend up through the bias window. The likelihood for extending even higher may have been inhibited by anxiousness ahead of post-close earnings. Not extending higher during the final hour resulted in closing at the 3790.00 opening print. Closing flat with the open makes trending in either direction Wednesday morning likely to begin by gapping open. Buyers would have plenty of reward, with Tuesday afternoon's unmet 3803.00 bias-up target now joining other unfinished business at 3819.00 and a new high close above 3824.50. A gap down would have to be substantial to be likely to trend down intraday. 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].

WED A.M. BIAS

At 10:15 the A.M. BIAS is BIAS-UP: above 3798.00 signal would target 3808.50. BIAS-DOWN: under 3784.25 signal would target 3774.00. NO-BIAS: between both signals. WED morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3805.75 3798.00 ...would target 3816.25 3808.50 Bias-down: under 3792.00 3784.25 ...would target 3781.75 3774.00 Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED . BIAS VIDEOS... INTRO // EXAMPLE