Value Areas and POC figures for /ESZ7 and /NQZ7 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and you’ll get only the topmost post over and over. Click on the title or text.
Yesterday’s high was poor.
There was no migration of the POC higher as it remained in the middle of the range.
Overnight activity is contained within yesterday’s range and as of now we would be opening on a very small gap within balance.
Nasdaq 100 futures (/NQ) were showing some relative weakness yesterday and could be a drag on the /ES today if they continue in that vein.
Overall, the status quo remains; slowly higher on poor structure and lack of elongation.
FOMC meeting announcement tomorrow at 2pm EST. No change is expected to rates at this meeting.
Have a great day,
peter
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