Good Friday morning,

And just that fast, the bulls shifted gears and took the market right back up, annihilating shorts! Absolutely amazing. Thank goodness we talked about the key level of the POC at 6,737 and how critical it was for yesterday, because as we said in our latest MC:

"Now, if the buyers try to step back in and squeeze the short traders, a move above 6,737 could see upper targets. It's just that simple for today! Don't complicate it."

Well, you all saw what happened as buyers took the price above the POC right from the opening bell and NEVER looked back. Honestly, I thought there would be more downside after Wednesday's selling, but I was dead wrong. Just goes to show you that there is ZERO fear in the current environment and people are still hitting the bong hard! Keep putting money to work at higher and higher prices is their M.O.

Also, the brand new VPOC, which was put in above yesterday at 6,780, was quickly taken out, so that is further testament to the relentless buying in this market. That being said, the key levels we provide each day should be helpful, and you cannot assume anything in trading. Also, don't forget that we said "one day does not make a trend", and that we needed more confirmation for continued selling, and obviously, we never got that confirmation!



📊 In the profile pic and key levels, futures are higher, and we just had a rip up after the CPI report came out to new all-time highs. With a true gap higher and overnight inventory that is 100% net long, we will look for a fade move early to correct the overnight inventory. A look above and fail at the overnight high, or a short below the first one-minute low. If neither of these things happens, then it is a go with trade. The key levels below are what we need to watch for today so check out the profile pic,!

Futures are currently trading at 6,816 at the time of this writing.

🧭 VPOC Update: The brand new VPOC put in above at 6,780 didn't even last 24 hours! We are now back to 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: 6,845 - 6,855

Key Levels: 6,800 Bottom of the spike



downside target is: 6,785 - 6,775

/NQ upside target is: 25,600 - 25,650

Key Level: 25,395 Bottom of spike

downside target is: 25,300 - 25,250

/RTY upside target is: 2,540 - 2,550



downside target is: 2,500 - 2,485



Economic Data: Very Light

CPI @ 8:30 AM ET

PMI Composite Flash @ 9:45 AM ET

New Home Sales @ 10:00 AM ET

Consumer Sentiment @ 10:00 AM ET

Baker Hughes Rig Count @ 1:00 PM ET

More Color By: Rich Rickus



1. /ES - Key Demand $6735- 6740 then at with Supply above at $6790-6810

Bullish : Sellers trapped above $6740 looking to play a break and retest above $6745 long targeting $6775 then $6790

Bearish Buyers trapped below $6735 looking to play short after a break and retest below $6730 targeting $6710 a break down into $6690

2. SPY Key demand at $669- 668 and with Supply above at $673

Bullish Sellers trapped above $668 looking to play a break and retest from $669 long targeting $670 then a breakout into high $671

Bearish Buyers trapped below $667 after a break and retest below $666 targeting $664 then a breakdown into $663

3. /NQ Key demand at $25100 with Supply above at $25394-25400

Bullish Sellers trapped above $25100 looking to play a break and retest above $25120 long targeting $25250 then a breakout back into low $25300’s

Bearish Buyers trapped below $25100 looking to play short from below $25050 targeting $24900 then $24850

4. QQQ Key Demand at $608 - 607 with Supply at $613

Bullish Sellers trapped above $607 looking to play a break and retest from $608 targeting $611 then a breakout into high $613

Bearish Buyers trapped below $607 looking to play a break and retest below $606 targeting $604 then $602

5. MU - Key Demand at $200-201 with Supply above at $205

Bullish - Sellers trapped above $205 after a break and retest from $206 looking to play LONG targeting $210 then a breakout into $212s-214

Bearish - Buyers trapped below $204 after a break and retest from $203 to play short targeting $201 then breakdown into $199

6. HOOD - Key Demand at $130-131 with Supply above at $141

Bullish - Sellers trapped above $130 after a break and retest from $131 looking to play LONG targeting $133 then a breakout into $135s

Bearish - Buyers trapped below $131 after a break and retest from $130 to play short targeting $128 then breakdown into $126

7. ORCL - Key Demand at $277- 278 with Supply above at $291

Bullish - Sellers trapped above $279 after a break and retest from $280 looking to play LONG targeting $285 then a breakout into $290s new HOD

Bearish - Buyers trapped below $276 after a break and retest from $275 to play short targeting $273 then breakdown into $271

Have a great day and an awesome weekend!