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Good Friday morning,
After hitting new all-time highs again overnight, there is still a high probability that the move is not over yet, but the bears are definitely lurking in the shadows. As the market continues to rise day after day, the likelihood of a liquidation break increases each day. The levels and key targets will tell us if this happens today.
📊 In the profile pic and key levels below, futures are slightly higher, and we are inside of the prior day's range. As long as price stays over the POC at 6,768 and the bottom of the spike at 6,771, then the edge remains with the bulls, and we will look for upper targets. If price drops below the POC, then we would look for lower targets. No economic data today due to the government shutdown. It could be a choppy, responsive day as traders and investors continue to figure things out.
Futures are currently trading at 6,769 at the time of this writing.
🧭 VPOC Update: No new VPOC's were added or taken out yesterday, so we still have 9 below and none above!
Current VPOCs:
- 6,703.00
- 6,595.75
- 6,571.75
- 6,509.25
- 6,506.25
- 6,450.50
- 6,396.50
- 6,373.25
- 6,310.00
TARGETS AND KEY LEVELS TO WATCH:
/ES upside target is: 6,790 - 6,800
Key Levels: 6,771 Bottom of spike then POC 6,768
downside target is: 6,750 - 6,745
/NQ upside target is: 25,250 - 25,275
Key Level: 25,081 Overnight 1/2 back
downside target is: 25,025 - 25,000
/RTY upside target is: 2,500- 2,510
downside target is: 2,460 - 2,450
Economic Data:
Non due to government shutdown
More Color By: Rich Rickus
Have a great day and a fantastic weekend!
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