Pre Market Read 7/1

@ES - Untitled - Jul-01 0806 AM (5 min)

Post Market 7/1
@ES - Untitled - Jul-02 0629 AM (Vol(5K))

Pre Market 7/2

@ES - Untitled - Jul-02 0819 AM (5 min)

Conclusion 7/2

@ES - Untitled - Jul-02 1418 PM (Vol(5K))

ES MORNING PLAN — Wed Jul 15
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CONTEXT
Yesterday ES opened below its fair value zone, above weekly fair value zone. ES Balanced early in the session, finding support at XLVZ. It did trade higher to the XUVZ, where it remained in balance, closing above its fair value zone but below XUVZ. ES remained inside its previous session.

LEVELS
XUVZ: 7594.75-7601.50
FVZ: 7580.00-7585.00
XLVZ: 7568.00-7570.75
Weekly FVZ: 7548.50-7560.75
Unresolved above: 6/15 unresolved FVZ; NVPOC; NVWAP; 6/04 unresolved FVZ; NVPOC
Gap above: 7622.50
Unresolved below: NVPOC; 7/08 unresolved FVZ
Gap below: 7591.25; 7523.75

OPEN
Out of value (gap cleared value), above the FVZ — bullish lean
weekly: weekly confluence — daily & weekly agree

▲ IF BUYERS CONTROL
confirm: XUVZ
destination: Gap fill, 6/15 FVZ
last-defense: prior FVZ

▼ IF SELLERS CONTROL
confirm: prior XUVZ
destination: prior FVZ, XLVZ
last-defense: prior XUVZ

WAIT ZONE: 7580.00-7601.50
INVALIDATION: acceptance below prior FVZ
@ES - Untitled - Jul-15 0833 AM (5 min)

Morning all.

Here's my daily pre-market global indices overview for Thu Jul 16:

* For Wednesday, July 15, the S&P 500 added 0.37% to 7,572, a steady close with almost no open-to-close drama.The Nasdaq did a little better, up 0.62% to 26,269, keeping the U.S. tape tech-led into the overnight handoff.

* Korea was the air pocket: the Kospi closed Thursday down 6.37% at 6,820, after sidecar curbs were triggered and leveraged products tied to SK Hynix and Samsung reportedly amplified forced flows; the Bank of Korea also hiked 25 basis points to 2.75%, citing inflation, FX volatility, outflows, and the equity correction.

* Japan’s Nikkei fell 2.79% to 66,835, with chip-linked names hit despite strong TSMC numbers and ASML’s better outlook — because apparently “good fundamentals” took the overnight shift off.

* Mainland China also sold off, with the Shanghai Composite down 1.85% to 3,882, while Hong Kong went the other way, the Hang Seng up 1.32% to 25,008.

* In Europe, Germany’s DAX came in off a 0.58% prior-session decline as Thursday trade gets underway. At 5:59 a.m. New York time, S&P 500 futures are down about 0.2%, and crude futures are roughly flat, off 0.1% near $79.50, so the U.S. open is set to test whether Asia’s semiconductor and Korea-specific stress stays local or spills into megacap tech.


Cheers,
Jason