ES Recap & Preparation
Yesterday saw the market open within the prior day's range and push higher leaving a buying tail. Shorts appeared to be under pressure as there was little pullback and it remained balanced at the higher end of the range for most of the day until a further push higher forced shorts to cover and squeezed up to settle at 1900.
Direction for today really depends on how the market reacts around some key levels. Overnight has been strong but cumulative delta is fairly neutral. Apple earnings beat forecasts but China released the weakest GDP growth in 5 years.
Levels of Interest:
1918.25 Resistance from prior breakout
1913.00 50% retracement on daily pit session hours
1909.00 CLVN
1906.00 Oct 13th high
1900.00 prior settle
1898.75 top of yesterday's single prints
1897.00 prior HVN
1888.50 prior IBH
1888.25 prior POC
1887.00 prior VPOC
1879.00 top of yesterday's buying tail
1875.25 prior open
1874.50 prior low
1870.00 Oct 19th low