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…
Futures indicating relatively flat even after payroll data release. Daily bar on /ES was an outside day which covered prior three bullish sessions. 8 EMA on SPX and 21EMA on…
True gap higher outside of range on o/n inventory skewed heavily net long. Single prints from 12.01 sesson will be in play today. Overall market continues to balance with a…
Non true gap lower again on 100% net short overnight inventory. A VPOC was left above us in yesterday’s trade. Just one doesn’t mean much but watch to see if…
Just missed the 4600 level in the cash by a hair on Firday. This level may take a little time to resolve. Double distribution in Friday’s RTH profile. Endpoints can…
Yesterday’s RTH session completed the balance rules rotation back to balance are low but did not find further sellers past that area. We are now trading back in the middle…
Look above and fail yesterday bringing /ES back into recent balance area Potentialk for rotation back to lower end of balance is increased. Kedy word: potential Almost all overnight activity…