Large break yesterday on lack of news catalyst Overnight has taken back a good portion of the decline Some of the VPOC’s below were repaired yesterday SPX cash came down…

New high in O/N session, carry forward as less secure Small non true gap lower back into range, RTH session will tell us if any real motivation on sellers exists…

Today’s ES and NQ Market Profile and Pivot Point Numbers Value Area High 4799.00 16973.00 Point of Control 4793.00 16956.00 Value Area Low 4787.50 16882.00 R3 4825.75 17140.00 R2 4814.00 17057.00 R1 4803.75 16998.50 Pivot 4792.00 16915.50 S1 4781.75 16857.00 S2 4770.00 16774.00 S3 4759.75 16715.50

Relatively tight overnight range as recent rally continues to “digest” Overnight inventory close to 100% net long Rates continue to stay soft keeping a floor under stock prices Pre Market…

Non true gap higher into range ONL right down to VAL (Momentum buyers are still present) Monthly and Quarterly OPEX today – Could cause chop Pre Market Indications Opening In/Out…

Add on strength after yesterday’s FOMC announcement Ten year yields continue to drop as rate drops below 4% Piling on effect is quite apparent now VPOC’s starting to stack below…

Continued strength in futures with no stronger sellers in sight. No high impact economic data this morning FOMC decision at 2pm ET and press conference at 2:30 Tomorrow morning is…

Flattish open after initial surge on CPI data that didn’t hold. Ten year yield has surged higher after CPI release which ticked slightly higher. FOMC starts two day meeting today…

Overnight range relatively muted and mostly around settlement and POC. New swing high on Friday but momentum seems a bit lagging with continued sector rotation. Economic data quiet today but…

NFP data came in hotter than expected – 199k vs 150k in the prior reading. Futures gapped intrasession on that release which is relatively rare, moving outsided of range briefly…