Hello Everyone,
Today we saw a two way trade in the SPX/QQQ with prices rising following the CPI report up into Supply/Resistance Levels where price reversed back down to their respective Demand Zones and then ramped back up into the close. Roller coaster market with some gains for both sides. The data snafu with Stockcharts are reeking havoc on the intraday charts so I will omit almost all tonight as they simply don't reflect yesterday's activity regarding the SPX.
Upon quick glance levels for overnight (will update on blog later), ES trigger above is 3960 gateway to 3980, 4010. Support below 3935, 3912, 3885.
Please take a moment to look at the trade ideas.
