Good Thursday morning,

We hope you've been strapped in for the wild ride the markets have taken us all on, and we don't see it ending anytime soon! The moves have been wild to say the least, as bulls and bears are in an epic battle. Word of advice...stay fluid! Don't try to fight it. Go with the tide and be able to turn with it. Otherwise, sit it out for a while. The big moves up, followed by sharp liquidation breaks, followed by more reversals, is just par for the course right now. That being said, the key levels and targets we give you each day have been money.

📊 In the profile pic and key levels, futures are higher once again, but not on a true gap over yesterday's range. Price is in the upper 3rd of the prior day's range as of now. The buyers will still have the edge as long as price stays over the POC at 6,716. This is the first key level for today, then half-back at 6,709. If sellers take price back below 6,716, then 6,709, we would then look for lower targets.

Futures are currently trading at 6,739 at the time of this writing.

🧭 VPOC Update: No new VPOC's added or taken out yesterday, so we are now back to 7 below with still 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: 6,775 - 6,785

Key Levels: 6,716 POC then 1.2 back at 6,709



downside target is: 6,695 - 6,685

/NQ upside target is: 25,250 - 25,280

Key Level: 25,055 VAH (Value Area High)

downside target is: 24,850 - 24,820

/RTY upside target is: 2,470 - 2,480



downside target is: 2,420 - 2,410



Economic Data: Green Star Events

Jobless Claims @ 8:30 am

PPI Final Demand @ 8:30 am

Retail Sales @ 8:30 am

Philadelphia Fed Manufacturing @ 8:30 am

Housing Market Index @ 10:00 am

EIA Natural Gas Report @ 10:30 am

EIA Crude Inventories Report @ 12:00 pm

More Color By: Rich Rickus

1. ES - Key Demand $6650 then at $6705 with Supply above at $6760

Bullish: Sellers trapped above $6720 looking to play a break and retest above $6725 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 $24880 with Supply above at $25100

Bullish Sellers trapped above $24950 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 high $606

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

Have a great day!