*Highlighted regions denote strong areas of support (green)/resistance (red) & mid-range level (brown)
Daily Outlook
Prior Day Market Sentiment:Neutral
Overnight Inventory Change: Neutral
Inside Day/Outside Day: Inside
Location of price relative to market profile:At POC
Notable overnight futures markets changes:
Up: SI (Silver), PA (Palladium), PL (Platinum), CC (Cocoa), GC (Gold), NG (Nat Gas), HG (Copper)
Down:--
News for the day:
NONE
*Red highlight means the news is a market moving event;
yellow highlight means the news merits attention
Projected ES price action for the day: Given that it is the Friday after Thanksgiving and there is an early close for the markets, the high probability is for neutral, range bound price action. The overnight profile is evenly distributed between 1805 and 1810 and will be the points of reference for today. Look to fade resistance levels near the highs and support levels near the lows.
ES Daily Trend: Strongly Bullish
ES Weekly Trend: Strongly Bullish
ES Monthly Trend: Strongly Bullish
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