*Highlighted regions denote strong areas of support (green)/resistance (red) & mid-range level (brown)
Daily Outlook
Prior Day Market Sentiment: Bullish
Overnight Inventory Change: Net short
Inside Day/Outside Day: Outside
Location of price relative to market profile: Below value area
Notable overnight futures markets changes:
Up: 6J
Down:NG, CL, NKD, SI, Indexes
News for the day:
Chicago PMI: 9:45a
Dallas Fed Mfg Survey: 10:30a
*Red highlight means the news is a market moving event;
yellow highlight means the news merits attention
Projected ES price action for the day: The indexes gapped down once markets opened on Sunday evening with the pending news of a potential government shutdown. Things considered, 1669.5-1670.5 will be the area to watch for support as this is the location of the S3 pivot, S2 weekly pivot, and VPOC from 9/9.
ES Daily Trend:Neutral/Bullish
ES Weekly Trend: Bullish
ES Monthly Trend: Strongly Bullish
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