Morning Color

September 18, 2025

Good Thursday morning,

Liftoff! After what seemed like a good start to the downside yesterday, and a much needed liquidation break from new all-time highs, here we go again! Futures are up sharply and we will be hitting new all-time highs again once the opening bell rings at 9:30 a.m.. News broke that NVDA and INTC announced a collaboration to jointly develop multiple generations of custom data center and PC products, so traders and investors around the world see this as a very positive development! Also, multiple trade deals have been reached across the pond in the U.K. with President Trump and King Charles III, along with a rate cut yesterday from the Fed, are all stoking the fire in the markets!

📊 In the profile pic and key levels below, futures are opening with a true gap higher, well over prior highs and all-time highs from Tuesday at 6,696.75. This is the first key level for today. As long as price remains over this level, price is in clear air and up, up and away we go! Look for upper targets and use the pivot table below for extended pivots if needed! Now if sellers take price below 6,696.75, then the first target is the gap fill to the prior day's high at 6,686.50, then lower targets as listed below.

Futures are currently trading at 6,703 at the time of this writing.

🧭 VPOC Update: Finally, a VPOC was taken out below yesterday at 6,645.00, so we still have none above and 8 below the current price.

Current VPOCs: 8 BELOW!