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Good Monday morning,
Bulls are right back at it today as AMD and OpenAI announced a multi-billion dollar partnership, and futures are ripping higher, so we might be hitting our 30th new all-time high for 2025! Additionally, Japan has announced a new PM, and traders and investors around the globe are taking this as a net positive as well.
📊 In the profile pic and key levels below, futures are higher, and price is above the first two key levels: the POC at 6778.50 and half-back at 6776. These are the key levels for today. As long as the price remains above these levels, then the buyers remain in control, so look for upper targets. Any break below that level, look for lower targets. Keep it simple today!
Futures are currently trading at 6,783 at the time of this writing.
🧭 VPOC Update: No new VPOC's were added or taken out on Friday, so we still have 9 below and none above!
Current VPOCs:
- 6,703.00
- 6,595.75
- 6,571.75
- 6,509.25
- 6,506.25
- 6,450.50
- 6,396.50
- 6,373.25
- 6,310.00
TARGETS AND KEY LEVELS TO WATCH:
/ES upside target is: 6,810 - 6,820
Key Levels: 6,778.50 POC & 6776 1/2 Back
downside target is: 6,760 - 6,750
/NQ upside target is: 25,320 - 25,355
Key Level: 25,168 Friday's high
downside target is: 25,075 - 25,050
/RTY upside target is: 2,525- 2,535
downside target is: 2,490 - 2,480
Economic Data: NOTHING ON TAP TODAY!
More Color By: Rich Rickus
Have a great day!
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