NASDAQ futures are down about a half point ahead of opening bell Tuesday morning after an overnight session featuring normal range and volume. Price poked up and made another new record high overnight before falling into balance.
On the economic docket today we have JOLTS job openings at 10am, both a 52- and 4-week T-bill auction at 11:30am, a 3-year Note auction at 1pm, and Consumer Credit at 3pm.
Yesterday we printed a normal variation up. The day began flat. We drifted higher, then lower, forming a healthy two-way auction before ultimately drifting slowly higher into the afternoon and close.
Heading into today my primary expectation is for a push up through overnight high 6331.50 and a tag of 6343.25 before two way trade ensues.
Hypo 2 push down through overnight low 6305.25 and tag 6283.25 before two way trade ensues.
Hypo 3 strong buyers sustain trade above 6343.25 triggering a trend-like move higher, up through open air.
Levels:
Volume profiles, gaps, and measured moves:
