July 13th

News for the day:

PPI, Jobless Claims, $DAL, $PGR

7/12 session: VAH 4519, POC 4510, VAL 4505

• TPOC 4510.25

• 61.8%: 4413.50, 50%: 4410, 38.2%: 4407

• Indecision candlestick

• settlement and the last price at 4507.50 and 4509.50, respectively

• 4522 EV 2

• 4500 EV 2

• 4596 EV 1

The OVN session, as of 5:15 AM CST, is trading above the settlement price, VAH, and net-long for all of the Globex. We may get an inventory correction before the opening, especially with PPI data. I think today will be much harder to trade per the indecision candlestick

My pivot for today will be 4516.

Scenario 1:

A hold above the pivot. I will target the previous session’s high and 4534 and possibly 4542, with 4522 being a big obstacle.

Scenario 2:

A hold below the pivot. I will be targeting the VAL and 4500.

As always credits to Jontron