ES went down to the demand zone it made this morning.  Looks like it is going back for a second helping.

Steve, was a new demand zone just formed on the ES around 5187.5 to 5178?

Did the $NYSI trigger yesterday?

The way I understand it, the banks have to have a certain percentage held in reserves. Example, if you deposit $100 into the bank, and the bank has to keep a 10% reserve, then they can take $90 of your money and loan it out. This works, as long as everyone who has deposited money in the bank, do not come on the same day to withdraw their money. The Fed came out last year and told banks they could loan 100% of the money. No reserve needed. As of today, March 11, Basel III raises the reserve from 0% to 20%. If you're a Billion-dollar bank, now you have to come up with $200 million dollars in reserve. If you can't then you could get bought out by another bank. This is what happened to New York Community bank. New Your Community bank bought Signature Bank who was in FDIC receivership and failed when Silicon Valley Bank went down.

From Investopedia: Basel III likewise introduced new leverage and liquidity requirements aimed at safeguarding against excessive and risky lending, while ensuring that banks have sufficient liquidity during periods of financial stress.

The next level I am looking for is 5138.50 ... if it breaks that then I will look for 5150

I do covered CALLS and cash secured PUTS, so I own stock that I keep for different periods of time. I only day trade /ES futures

Gezz, I hope not. It's hard enough trying to outsmart the Algo's as it is...

I had a similar plan for /ES. On the 30 minute chart, the 8:00 candle was red with a high of 5069.25. The 8:30 candle took off after the PCE announcement, so I put a buy in at 5069.25 and waited for the pullback. Price dropped to 5070 and bounced. Oh well.

Hey Digi, I have a Lenovo laptop with 8 GB.  Never had anything with more than that. I have had good luck with the Lenovo product but cannot help with the RAM

He he he...   

COIN to announce earnings tomorrow (2/15) after market close.

I like the visual that Forex Factory gives.  It has Red, Yellow, and Orange indicators to show the level of impact the announcement may have.

https://www.forexfactory.com

There will be ISM Manufacturing PMI data at 10am EST ... 1 hour from now. That could also cause some market movement. 

Unemployment Claims (Actual 224k) (Forecast 213K)

8:30  est  - Unemployment Claims  (Forecast 206k) (Previous 202k)

10:30 est - Natural Gas Storage   (Forecast -166B) (Previous -140B)

11:00  est - Crude Oil Inventories  (Forecast -0.6M) (Previous 1.3M)

TSLA earnings next Wednesday (1-24-24) after the close

8:30am  EST

Core Retail Sales

Retail Sales

Import Prices

At 8:30 EST       Empire State Manufacturing Index   Forecast -4.9

At 11:00 EST    FOMC Member Waller Speaks

Is the MACD kiss setting up on the /MES 15 minute ?

Interesting stat from BESPOKE investment: The current 6-day streak of 30+ bps intraday moves (for the 2-yr) is now longer than the 5-day streak in September 2008 after the Lehman bankruptcy.