Good Wednesday morning,

The bounce yesterday was questionable early in the day, as futures sold off right from the opening bell; however, the selling didn't last long, with buyers stepping back in after the first 15 minutes of trading. This morning confirms that buyers remain active, leaving the bears disappointed once again. Price is gapping above yesterday's high on overnight inventory that is net long, and the playbook for today is laid out below.

📊 In the profile pic and key levels, futures are higher on a true gap over Tuesday's high at 6,722.50. This is the first key level for today. As long as price stays above this level, then the buyers are right back in control, so we will be looking for upper targets. If sellers take price back below 6,722.50, then the POC (Point of Control) at 6,714.50 is the next stop, then the lower targets would be in play.

Futures are currently trading at 6,737 at the time of this writing.

🧭 VPOC Update: That new VPOC, which was added below yesterday at 6,595.50, has been taken out, 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: 6,770 - 6,780

Key Levels: 6,722.50 Prior High then POC 6,714.50



downside target is: 6,705 - 6,695

/NQ upside target is: 25,200 - 25,240

Key Level: 24,947.50 Prior High

downside target is: 24,800 - 24,770

/RTY upside target is: 2,465 - 2,475



downside target is: 2,425 - 2,415



Economic Data: Green Star Events

Empire State Manufacturing Index @ 8:30 am

Beige Book @ 2:00 pm

More Color By: Rich Rickus

1. /ES - Key Demand $6650-60 then at Supply above at $6715-20

Bullish: Sellers trapped above $6720 looking to play a break and retest above $6725 long targeting $6750 then $6775

Bearish Buyers trapped below $6660 looking to play short after a break and retest below $6655, targeting $6625, a break down into $6605

2. SPY Key demand at $652 and 647 with Supply above at $665-664, then at $672

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 $24700-20 with Supply above at $25030- 24975

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 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!