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Good Friday morning,
We made it to Friday, but that does not mean we are out of the woods yet! As the sign above reads "Volatility Ahead" so consider yourselves warned! The markets have been on tilt this week (meaning nuts), and I don't see that changing anytime soon. The intraday moves have been wicked and violent, as traders and investors are being bombarded with information from all sides; government shutdowns, tariff talks, war conflicts and peace negotiations, not to mention normal, everyday company earnings reports and AI collaborations between mega cap tech companies. You can see the fear in the VIX and also in gold, as the precious metal continues to hit new all-time highs day after day, now topping over $4,390 an ounce. Silver almost hit $54 an ounce. The playbook will help!
📊 In the profile pic and key levels, futures are lower across the board; however, we are well off the overnight lows. Price is close to the POC, so this is the first key level for today at 6,669.50. Try to keep it simple today, long over the POC or short below. Then just let the move work for you! If above the POC, then look for upper targets. Below the POC look for lower targets. That's it!
Futures are currently trading at 6,659 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 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: 6,725 - 6,745
Key Levels: 6,669.50 POC
downside target is: 6,605 - 6,585
/NQ upside target is: 25,025 - 25,075
Key Level: 24,810 VAL (Value Area Low)
downside target is: 24,480 - 24,450
/RTY upside target is: 2,510 - 2,520
downside target is: 2,450 - 2,440
Economic Data: Green Star Events
Housing Starts & Building Permits @ 8:30 am
Import & Export Prices @ 8:30 am
Industrial Production @ 9:15 am
Baker Hughes Rig Count @ 1:00 pm
More Color By: Rich Rickus
Have a great day and a fun weekend!
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