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DAILY SCHEDULE First, watch the pre-open Tour recording HERE <<== Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close... (summary of last Market Wrap) Wednesdays night's "new Globex trend extreme" at 3027.75, which requires eventual intraday retest, had to wait at least for a bearish Globex-flip to play-out. The setup formed by exiting Thursday's open under the 3017.00-3018.00 earlier Globex low. It extended down to 3004.25, and later down to 2998.00, each time producing a 12-point bounce. The second bounce avoided a fresh low as the afternoon ranged choppily into the close. Overnight action's new info... (nearby chart is last session and Globex) Thursday's 3006.50 close immediately began firming, and attacked 3015.00 at midnight. A gradual 4-point pullback through Europe's opens has resolved up to test the lower-end of 3017.00-3018.00. If, then... (notes to accompany the Tour recording) No recovery or reversal setup formed after Thursday morning, which suggests that its bearish Globex-flip influence will resume through Friday morning. Usually, not reversing up during the noon hour will have produced lower lows before the close. But Thursday afternoon only remained under pressure. Gapping up today and extending through the 3017.00-3018.00 area that had triggered Globex-flip would suggest instead that its influence is done. Trending up intraday would become likely, perhaps throughout the day, with upside objectives at 3027.75 and 3033.00. Not extending higher through the open would remain vulnerable to repeating Thursday's bearish influence, at least attacking Friday's lows if not also probing lower. No influential econ report is due this morning, and the highest-profile earnings (GOOG, AMZN) were already absorbed after yesterday's close. First Trade... (preliminary indications for the Bias parameters) Exiting the open at 9:45 under 3010.25 would be unlikely to trigger the 3012.50 bias-up signal at 10:15. Exiting the open above 3015.50 would be likely to trigger bias-up.

Big resistance all but neutralized. The overnight rally peaked at the lower-end of 3017.00-3018.00. That was yesterday's earlier Globex low whose break triggered the morning's slide. Its resistance held again, launching a reaction down to 3010.00. That low was a blip-down reaction to GDP, and it blipped back up to the 3015.00 open. Extending higher soon probed the upper-end of 3017.00-3018.00 to attack this morning's 3019.75 bias-up target. Ranging around it persisted into the 10:15 bias timing window, and didn't renew the bias-up signal. Still ranging around through 10:30 suggests that a dip needs to find new sponsorship to extend the rally. So far, that search has dipped only to 3016.00. Its reaction is now back at the morning's 3019.75 bias-up target. The nearest buy signal is above 3021.25, and could be lowered when the bias environment begins lapsing, or if 3016.00 is retested. Friday morning bias signals tend to persist through the noon hour. Exiting the bias environment back under its 3012.50 bias-up signal would suggest otherwise. But yesterday's bearish Globex-flip is no longer influential, so even without a deeper dip, the afternoon could still rally to new highs.

FRI afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3025.00 3026.00 ...would target 3031.75 3032.75 Bias-down: under 3017.75 3018.75 ...would target 3009.75 3010.75 Signal status: NO-BIAS . BIAS VIDEOS... INTRO // EXAMPLE 1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target. 2. Not triggering either bias signal at 1:20 would be "no-bias," and the bias signals should define the bias environment's range. -- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias. 3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal. -- "Late" signals don't require testing the opposite bias signal, but it's still likely. 4. Still testing the bias signal at 1:30 after invoking the grace period would trigger "noN-bias," with no bias influence.

Probing new intraday highs. Rallying out of the morning's bias environment has extended to attack 2926.00, new intraday highs. Not quite touching Wednesday night's 2926.75 "new Globex trend extreme" that still requires intraday retest. And still short of even touching or triggering this afternoon's 2926.00 bias-up signal. Probing any higher for the next hour would be "no-bias trending" that requires being retraced to the bias signal. Back under 3023.00 would suggest at least a deeper dip to find more sponsorship below. Of course, that would risk dipping too deeply -- exiting the bias environment back under 3021.50 would start to suggest upside momentum has lapsed, and back under the 3015.00 open would suggest momentum has reversed down. Meanwhile, being a Friday, exiting the bias environment above the noon hour's high would be vulnerable to extending higher into the weekend. The rally's next higher objective is 3033.00.

Friday's gap up extended through the 3017.00-3018.00 resistance. Breaking under it through Thursday's open had put sellers into control. Recovering it through Friday's open put buyers back into control. The session rallied relentlessly into its final minutes, touching 3029.50. Wednesday night's 3027.75 "new Globex trend extreme" that required a retest was neutralized. That prior high was overlapping Friday's 3026.75 close, but still qualifies as a new trend high on a Friday that requires an eventual higher close. A setup often offered on Friday afternoon is to exit its bias environment above the noon hour's high. This tends to trend up into the close, which Friday essentially did. A very last-minute 3-point reaction down into the cash session close became 6 points at the futures close. It was too late to suggest the trend could reverse down, but the setup would be bearish any other day of the week. Meanwhile, the rally's 3033.00 and potentially 3066.00 targets remain in-play. Details and other markets coverage are discussed in the post-market Wrap recording here. JOIN US AT 9:30 ET FOR THIS WEEKEND'S SATURDAY REVIEW.

MON morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3029.50 3030.50 ...would target 3035.50 3036.50 Bias-down: under 3020.75 3022.00 ...would target 3012.75 3014.00 Signal status: BIAS-DOWN . BIAS VIDEOS... INTRO // EXAMPLE 1. At 10:15, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target. 2. Not triggering either bias signal at 10:15 would be "no-bias," and the bias signals should define the bias environment's range. -- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias. 3. Touching the bias signal within 3 minutes either way of 10:15 would invoke a grace period through 10:30 to trigger a late signal. -- "Late" signals don't require testing the opposite bias signal, but it's still likely. 4. Still testing the bias signal at 10:30 after invoking the grace period would trigger "noN-bias," with no bias influence.