SPECIAL COVERAGE... Commodities have been heating up well before last week's inflation-be-damned Fed policy shift. Charts and pattern details are depicted and described in this video. Cattle Oct Contract (LE) The minimum target area at 110.00-112.10 was met at the recent 111.15 high. Its reaction down under 105.00 still has room down to 102.45 while still being considered only a temporary correction. Back above 112.10 would signal the rally's potential target at 124.65 is underway. Corn Dec Contract (C, ZC) Three lower and lower lows since April have bounced, sharply up to 362.80 the last two times. And the current bounce has fully retraced the prior bounce, which isn't likely without intending to bounce higher to the 389.65-398.00 area. Pullbacks should meanwhile hold 345.00-349.00 to maintain the recovery pattern. But the pattern doesn't reverse down without first breaking back under 338.00. Soybeans Nov Contract (S, ZS) A combination of uptrending Channel and Cup & Handle pattern formed since March-April lows, now recently breaking sharply higher. A minimum objective at 943.75-956.75 is being probed up to a prior consolidation around 966.00. That's not assured of resolving up before correcting back down to 925.00-928.00.

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 night's surge to fresh highs at 3509.50 had retraced overnight down to the 3485.00 futures close. Reversing into negative territory at 3481.00 was isolated during the morning bias environment. It was Friday's only probe of negative territory, and the balance of the session fallied back up to 3506.50 for a new trend high close on a Friday. Overnight action's new info... (nearby chart is last intraday session and Globex) Gapping up Sunday night to 3508.50 extended higher immediately to 3515.00, and then gradually to test 3524.00. All of which qualifies as a Globex trend extreme. Ranging narrowly sideways began retracing just after midnight. Europe's opens were greeted back at 3515.00, now testing the earlier Globex low down to 3510.25. If, then... (notes to accompany the Tour recording) Retracing all of last night's post-open highs is nevertheless still well into positive territory, supported at the 3511.50 bias-up signal, and the earlier Globex low just lower. Having probed Friday's highs overnight, exiting the opening window at 9:45 under the earlier Globex low would form a bearish Globex-flip. Attempting to form the setup without triggering it would be bullish, likely at least to test the overnight high's 3524.50 Globex trend extreme that requires eventual intraday retest. Near-term potential below is at the unfinished business of Friday morning's 3474.00 bias-down signal, and above at the overnight high's 3509.50 new Globex trend extreme. The overnight high's retest and a new high close probably depend equally on the same earlier dynamics. First Trade... (9:45 preliminary indications for the 10:15 Bias parameters)

Exiting the open above 3516.75 would be likely to trigger the 3511.50 bias-up signal. Exiting the open under 3508.50 would be unlikely to trigger bias-up.

Fighting tides. After probing Friday's 3509.50 high overnight, exiting the open back under the ~3512.00 earlier Globex low formed a bearish Globex-flip. But its influence might be limited to inhibiting a bounce, and not necessarily trending down. The 3499.25 bias-down signal held its test to trigger no-bias. Late no-bias, since still overlapping it at 10:15 invoked the grace period through 10:30. But an offsetting test of its 3511.50 bias-up signal is in-play. Despite triggering two setups, or because the setups conflict with each other, the first 90 minutes have only ranged sideways around the 3503.00 open and Friday's 3505.50 close. That in itself suggests the 20-25 point slide from overnight highs isn't attracting buyers. The conflicting signals can coexist if they take turns. Bouncing to fresh post-open highs will remain vulnerable to reversing down. Still not bouncing as the bias window lapses would re-open the door to extending down. A bearish Isolation setup can from after spending the open back in negative territory, and then also spending the morning under Friday's highs.

MON P.M. BIAS

At 1:20 the P.M. BIAS is BIAS-UP: above 3508.00 signal would target 3517.75. BIAS-DOWN: under 3493.50 signal would target 3484.25. NO-BIAS: between both signals. MON afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 3511.50 3508.00 ...would target 3521.25 3517.75 Bias-down: under 3496.75 3493.50 ...would target 3487.50 3484.25 Signal status: NO-BIAS . BIAS VIDEOS... INTRO // EXAMPLE

Late-morning dip retraces, not yet reversed. Ranging sideways between 3498.00-3506.00 through the first 90 minutes had meanwhile held a test of its bias-down signal to put into play an offsetting test of its 3511.50 bias-up signal. Although the bearish Globex-flip made a fresh post-open low likely at some point, testing 3511.50 first was still credible. But a quick drop from 3507.50 attacked the 3490.00 bias-down target to within 1 tick. Bearish globex-flip sponsorship satisfied. 3511.50 became unfinished business. The noon hour's post-open highs up to 3506.50 double be probed to neutralize the higher attraction. Testing it AFTER the bias window lapses could extend much higher. Otherwise, back under 3495.00 would start to signal momentum reversing down.

Sunday night's new highs up to 3524.50 formed a Globex trend extreme requiring eventual intraday retest. But not Monday, as a bearish Globex-flip was triggered by exiting the open under the 3512.00 earlier Globex low. Its bearish influence detoured from a higher bias objective at 3511.50, first blipping-down to fresh lows attacking 3490.00. The bias objective's test up to 3513.00 came too late to be strong-handed, snapping back down to the morning's low. Just minutes before Monday's close, 3511.50 above and 3490.00 below were unfinished business. The morning's bias objective and oversold RSIs were both neutralized after the Position-squaring window close. Only the 3524.50 overnight Globex trend extreme's required intraday retest remains outstanding from Monday's session. Friday morning's 3474.00 bias objective is unfinished business below, and it is the likely objective to extending Monday's last-minute collapse through any relevant timing window. Recall that any significant pullback should develop earlier in the week to avoid the bullish seasonality of a 3-day weekend. 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 3503.25 signal would target 3514.25. BIAS-DOWN: under 3477.00 signal would target 3488.00. NO-BIAS: between both signals. TUE morning signal (triggered at 10:15 ET) SPX ES Bias-up: above 3506.50 3503.25 ...would target 3517.50 3514.25 Bias-down: under 3431.25 3488.00 ...would target 3480.25 3477.00 Signal status: LATE BIAS-UP . BIAS VIDEOS... INTRO // EXAMPLE