Good Thursday morning,

After record setting day after day in the markets, the bears are definitely stalking in the wings, so be warned. No one knows exactly when the liquidation break will occur, but the market seems a bit tired and stretched up at these levels, so be on the lookout for lower. AAPL and AMZN report earnings tonight after the bell, so this could move the markets again. The game-plan below should help.

📊 In the profile pic and key levels, futures are lower and price is now below some very key levels, namely the POC at 6,936.25 and half-back at 6,917. This is at the very least a sign for possible moves lower. If price stays below 6,917, then look for overnight low and prior days low at 6,882.25. If the buyers come in and take price back above 6,917, then look for a retest of the POC and prior days high. Targets are listed below.

Futures are currently trading at 6,902 at the time of this writing.

🧭 VPOC Update: No new VPOC's added or taken out yesterday, so we still have 9 below with none above!

Current VPOCs:

• 6,830.00
• 6,774.50
• 6,562.25
• 6,529.00
• 6,502.50
• 6,450.00
• 6,396.50
• 6,373.25
• 6,310.00

TARGETS AND KEY LEVELS TO WATCH:

/ES upside target is: 6,945 - 6,955

Key Levels: 6,917 1/2 Back



downside target is: 6,875 - 6,865

/NQ upside target is: 26,380 - 26,400

Key Level: 26,215 1/2 Back

downside target is: 25,980- 25,950

/RTY upside target is: 2,510 - 2,520



downside target is: 2,470 - 2,460



Economic Data:

GDP @ 8:30 a.m. EST

Jobless Claims @ 8:30 a.m. EST

Natural Gas Inventories @ 10:30 a.m. EST

More Color By: Rich Rickus

1. ES - Key Demand $6905 then with Supply above at $6953-696

Bullish : Sellers trapped above 6905 looking to play a break and retest above $6910 long targeting $6922 then $6945

Bearish Buyers trapped below $6905 looking to play short after a break and retest below $6900 targeting $6885 a break down into $6870s

2. SPY Key demand at $685-684 and with Supply above at $689-688

Bullish Sellers trapped above $685 looking to play a break and retest from $686 long targeting $687 then a breakout into high $688

Bearish Buyers trapped below $685 after a break and retest below $684 targeting $682 then a breakdown into $680

3 /NQ Key demand at $25700 then at 26150 with Supply above at $26310

Bullish Sellers trapped above $26150 looking to play a break and retest above $26200 long targeting $26300 then a breakout back into low $26325

Bearish Buyers trapped below $26150 looking to play short from below $26130 targeting $26100 then $26050

4. QQQ Key Demand at $633 then at 629-620 with Supply at $636

Bullish Sellers trapped above $633 looking to play a break and retest from $634 targeting $636 then a breakout into high $637

Bearish Buyers trapped below $633 looking to play a break and retest below $632 targeting $630 then $629

Have a great day!