Good Monday morning,

The buyers are at it again, and still living in paradise apparently, as futures are up, seemingly without a care in the world! Obviously, I am being facetious, but the resiliency of this market has been staggering. Nothing seems to bother traders and investors around the globe as we continue to live on the AI high! Gold is also back up over $4,300 per ounce, and when gold was up, that used to mean something underlying was bad, or about to go bad, but not anymore. Markets are up, and gold can now move in tandem. The one thing I will say is that we are still within the confines of that huge down move on October 10th (6,762 high to 6,552 low in the S&P), so until we break out of that range, one way or the other, expect more intraday volatility.

📊 In the profile pic and key levels, futures are higher across the board with a true gap over Friday's high, with overnight inventory that is net long. There could be an initial fade lower to balance out the inventory, but as long as price stays over Friday's high at 6,718, then the edge remains with the buyers. Upper targets are listed below. Now, if the sellers come in and take price back below 6,718, first look for the POC at 6,707, then the overnight low at 6,694, then lower targets.

Futures are currently trading at 6,731 at the time of this writing.

🧭 VPOC Update: No new VPOC's added or taken out yesterday, so we are still at 7 below with none above!

Current VPOCs:

• 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: 6,765 - 6,775

Key Levels: 6,718 Prior high



downside target is: 6,690 - 6,680

/NQ upside target is: 25,280 - 25,300

Key Level: 25,055.75 Prior high

downside target is: 24,900 - 24,880

/RTY upside target is: 2,515 - 2,525



downside target is: 2,470 - 2,460



Economic Data: Very Light Today

Leading Indicators @ 10:00 a.m EST

More Color By: Rich Rickus

1. /ES - Key Demand $6700-6710 with Supply above at $6740

Bullish: Sellers trapped above $6695 looking to play a break and retest above $6700 long targeting $6750 then $6775

Bearish Buyers trapped below $6700 looking to play short after a break and retest below $6690, targeting $6670, a break down into $6640s

2. SPY Key demand at $664-665 and with Supply above at $670

Bullish Sellers trapped above $664 looking to play a break and retest from $665 long targeting $667 then a breakout into high $668 new HOD

Bearish Buyers trapped below $664 after a break and retest below $663, targeting $662, then a breakdown into $661

3./NQ Key demand at $24975 with Supply above at $25100

Bullish Sellers trapped above $24975 looking to play a break and retest above $25000 long targeting $25050 then a breakout back into low $25100’s

Bearish Buyers trapped below $24950 looking to play short from below $24945 targeting $24875 then $24830

4. QQQ Key Demand at $601 with Supply at $606

Bullish Sellers trapped above $601 looking to play a break and retest from $602 targeting $604, then a breakout into the high $606

Bearish Buyers trapped below $601 looking to play a break and retest below $600 targeting $598 then $596

Have a great day and stay safe!