*Highlighted regions denote strong areas of support (green)/resistance (red) & mid-range level (brown)
Daily Outlook
Prior Day Market Sentiment: Bearish
Overnight Inventory Change: Bearish
Inside Day/Outside Day: Outside
Location of price relative to market profile:Below value area
News for the day:
Employment Situation: 8:30a
Personal Income & Outlays: 8:30a
Consumer Sentiment: 9:55a
*Red highlight means the news is a market moving event;
yellow highlight means the news merits attention
Projected ES price action for the day: Despite the fluctuation in prices after the jobs report, prices have pulled back inside the value, near the POC. This is indicative of two-sided action and clearance of value area high would be edge to the bulls or value area low would be edge to the bears.
ES Daily Trend: Strongly Bullish
ES Weekly Trend: Strongly Bullish
ES Monthly Trend: Strongly Bullish
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