*Highlighted regions denote strong areas of support (green)/resistance (red) & mid-range level (brown)
Daily Outlook
Prior Day Market Sentiment: Bearish
Overnight Inventory Change:Neutral
Inside Day/Outside Day: Inside
Location of price relative to market profile: Near POC
Notable overnight futures markets changes:
Up: --
Down: SI, ZS, GC
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: Today is Quadruple witching, meaning that stock options, stock index options, futures contracts, single stock futures will expire. As a result, the high probability is for range bound/choppy price action. Look to fade the value area and previous day highs/lows.
ES Daily Trend:Bullish
ES Weekly Trend: Strongly Bullish
ES Monthly Trend: Strongly Bullish
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