Pre-close view… Breakout of a breakout.

Intraday consolidation is ending.

The afternoon bias environment”s 2089.00 exit was at the bias environment”s upper-end, so it doesn”t qualify as gaining traction. But the final hour”s 2092.00 entry was above the bias environment”s high, which does.

Extending higher through the 3:10-3:20 timing window would confirm buyers gained traction for today”s efforts. Their reward would be control of tomorrow morning”s bias environment.

The rally effort would be more credible if already rallying out of the bias environment, instead of waiting until minutes before the final hour”s entry. Not trending up through 3:10-3:20 would be vulnerable to reversing down sharply. Currently, that trigger is under 2089.50.

Absent a big reversal down, today”s session will be the breakout that we discussed during this weekend”s Saturday Review. Confirming it with a second consecutive higher close would put into play new highs. Meanwhile, probing higher Tuesday morning could reverse down intraday to avoid confirmation, while also reversing the trend back down. We”ll discuss the possible paths from here, and their consequences, during today”s post-market Wrap.