E-Mini S&P 500 Futures
Buying shut off in the overnight a session a tick ahead of the 1089.25-1091.25 Resistance Zone, and ES sold off down to 1074.75; a tick below the 1075 Support Level. Yesterday's settlement is at 1079.25, so it's a potential gap fill target. I'll be cautious on the Short side if price breaks and holds above 1082.75. 1085 and 1087.50 are potential targets above 1082.75. A move above 1092 would signal strong buyers. On the downside, 1064 is the target on a break below 1070.50. 1064-1066 is a potential inflection point for Buyers if they are to re-gain control, so I expect Responsive Buyers to be active in that Support Zone. A break below 1064 would be further confirmation of aggressive Sellers and would open the door for a move down to the 1050-1052 Area, which is the next significant area where Responsive Buyers could be active.
Econ Data
Consumer Price Index and Retail Sales at 7:30 AM (CT), Consumer Sentiment at 7:55 AM (CT), and Business Inventories at 9:00 AM (CT).
ES - Daily Chart with Volume Profile and Key Levels (click on image below to enlarge)
