S&P 500 Futures Daily Insights for Wed 11 Jan 2023
Bullish Market Profile with clear targets above
GDR Model Insights for the Current Week
S&P 500 Futures Market Profile Insights for Today
Near-Term Outlook: Bullish, clear targets above
Yesterday was a structurally sound up day with plenty of backing and filling. The market left behind an Excess Low and rejected an attempt to re-enter the previous Balance Zone.
There are now 3 obvious targets above:
The Poor High from 1/9 at around 3974
Closing the Gap Down from 12/15 at around 3997
Reaching the top of the current Balance Zone at around 4016
There is some potential for resistance around 3960-3965. Keep in mind that tomorrow morning new CPI data will be released.
Potential Market-Moving Events Today
None