would bProper 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 bounce had lost sponsorship, opening the door for correcting down to 3456.00. Its deep dip defined the overnight low. Reversing up sharply to 3519.00 through the Employment Situation report. Dipping deeply through Friday's open slid to 3476.50, recovering gradually to test 3509.00 into the noon hour and through the afternoon bias environment. The final 60-90 minutes wide 3492.00-3416.00 swing settled back at 3509.00 into the weekend. Overnight action's new info... (nearby chart is last intraday session and Globex) Satisfaction with weekend events was quickly made obvious. Sunday night's gap up to Friday's highs at 3516.00 quickly extended to the recovery's 3546.00 objective, its 3556.00 room for noise, and then higher again to 3566.00 at midnight. Retracing back down to 3546.00 consolidated through Europe's opens, for several hours, hovering, and then... BAM! "PFIZER VACCINE PREVENTS 90{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} OF COVID INFECTIONS IN LARGE STUDY". Three legs up in almost 15 minutes had pushed from 3552.00 to 3651.00 -- up 145-150 points from Friday. If, then... (notes to accompany the Tour recording) Two consecutive overlapping sessions into the weekend had underscored the recovery's need for reinforcements, especially after the week's four consecutive gaps up and positive closes. If those reinforcements could be found without a pullback, then they were likely to have only one higher reward before a deeper pullback must develop anyway. Now the explosion to new highs allows a pullback to form from much higher levels that could bottom at or above Sep-Oct highs -- 3588.00 and then 3570.00 are two candidates. But without offsetting headlines, intraday buying pressure should initially be more responsive to the good news and help to limit pullbacks. First Trade... (9:45 preliminary indications for the 10:15 Bias parameters)

Exiting the open above 3533.00 would be likely to exceed the 3527.75 bias-up target to renew the bias-up signal.

But almost straight down since the open. The 3668.00 pre-open high had reacted down to open at 3640.50. Nearby support was soon tested, but it's reaction up to 3645.00 was reversed back down for the first half-hour's duration. Bouncing 26 points from 3605.00 has resolved down, now testing 3591.00. The vaccine headline's reaction is now 61.8{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} corrected. Extending down would find support at 3588.00 but then probably not again until 3567.00. Back above 3608.00 and 3621.00 would instead signal an intraday bid to duplicate the overnight rally, potentially targeting their 3660.00-3668.00 highs. Many online brokers have been offline, and several remain unreachable. This may be preventing retail buyers. And preventing retail buyers may be inhibiting other buyers. Resolving the outages might be a catalyst for a recovery leg.

MON P.M. BIAS

At 1:20 the P.M. BIAS is BIAS-UP: above 3615.00 signal would target 3629.25. BIAS-DOWN: under 3587.00 signal would target 3575.00. NO-BIAS: between both signals. MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3620.50 3615.00 ...would target 3634.75 3629.25 Bias-down: under 3592.25 3587.00 ...would target 3580.25 3575.00 Signal status: LATE BIAS-UP . BIAS VIDEOS... INTRO // EXAMPLE

Slowly bouncing through the noon hour. The post-open decline extended to its next support at 3588.00. RSIs diverged positively into its test, launching a choppy upleg through the noon hour. Reacting down from 3623.00 barely triggered late bias-up above 3615.00. Fresh highs above the pre-1:20 3623.00 high would be helpful confirmation to the late bias-up. The 3640.50 open would be almost as likely of an attraction as the 3629.25 bias-up target. Back under 3607.00 would start to signal a retest of post-open lows, and potentially extending the post-open decline to 3567.00.

Sunday night's 166-point rally to 3668.00  was already retraced to open Monday at 3640.50, which eventually extended down to 3588.00 at the morning low. Bouncing through the noon hour to 3623.00 was retraced entirely, and then broke collapsed to 3541.00 through the last half-hour. The high qualified as a new Globex trend extreme requiring eventual intraday retest. And the gap above all prior highs requires being retested from below. All form of retracement was satisfied intraday. Either end of the gap-to-gap was influential, first as the morning low, and then its lower-end through the close. The vaccine headline's reaction was retraced by 61.8{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} on the way down. And October's 3541.00 prior high was touched as support. The next lower retracement is last Thu-Fri lower prior highs at 3508.00-3511.00. This is in-play under 3554.50, which was broken by Monday's close, while still being overlapped. Rejecting Monday's late dip at Tuesday's open would be credible for resuming the rally, still targeting the 3750.00 area. 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 3560.25 signal would target 3575.50. BIAS-DOWN: under 3535.50 signal would target 3521.25. NO-BIAS: between both signals. TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3565.25 3560.25 ...would target 3580.50 3575.50 Bias-down: under 3540.50 3535.50 ...would target 3526.25 3521.25 Signal status: LATE BIAS-DOWN, TESTED BOTH BIAS-DOWN PARAMETERS . BIAS VIDEOS... INTRO // EXAMPLE