*Highlighted regions denote strong areas of support (green)/resistance (red) & mid-range level (brown)
Daily Outlook
Prior Day Market Sentiment:Bullish
Overnight Inventory Change: Neutral
Inside Day/Outside Day:Inside
Location of price relative to market profile: At value area high
Notable overnight futures markets changes:
Up: PA, HO
Down: NKD, NG
News for the day:
Petroleum Status Report: 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: Neutral/Bullish. Prices are set to open near the value area high and have already tested Tuesday's high during the overnight session. As a result, slight edge to the bulls, especially if prices can clear 1683.25 at the open. On the other hand, if prices sell off then the higher probability is to stay within yesterday's range and the key levels to watch will be the value area low (1679.25) & previous day low (1676.75).
Stock of the Day: Blackberry Apple Inc. (AAPL)
In focus after yesterday's product announcement
ES Daily Trend: Neutral/Bullish
ES Weekly Trend: Bullish
ES Monthly Trend: Strongly Bullish
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