Prior Day Market Sentiment:Bullish
Overnight Inventory Change: Net short
Inside Day/Outside Day: Inside
Location of price relative to market profile: Near POC
Notable overnight futures markets changes:
Up:Crude Oil (CL), Corn (ZC)
Down: Natural Gas (NG)
Projected ES price action for the day: The S&P continued its march higher after an up day yesterday with the Nasdaq hitting 5000 for the first time since 2000. The S&P formed a wide range candle on the daily chart and prices are once again near the all time highs. There has been a slight selloff during the premarket on a light news day with prices trading in the high volume node building within the 2100-2115 range. Bias continues to be with the bulls.
News for the day:
*NONE*
*Red highlight means the news is a market moving event;
yellow highlight means the news merits attention
S&P Daily Trend:Bullish
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