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ES and NQ inside previous day’s range and value with PPI coming out shortly. I am looking for Buyers to defend 4793.75 ES and NQ I want to see remain bid above 16900 otherwise I think both could test previous day’s lows. Right now ES is in a massive HVN and I think sitting on hands and waiting for the market to develop is the right course of action. Banks are kicking off earnings season this morning and more conflict in the Middle East. Could be an interesting day.
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