Futures Update: NDX/NQ Make All-Time Highs

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As NDX/NQ make new all-time highs, so does ES, although that has been routine for some time. Projected risk for NQ is at 4858.50, but we could pause before that. Support is at 4818.50, the initial upside risk level is at 4834.25.

GC is still holding on for dear life, thanks to a Yen bid. Resistance is at 1348.40 and 1350.90.

ZN is still trading inside the NFP value area, 132'025/132'190 (shaded on chart).

It's interesting to note the confluence at 132'190 between the NFP value area high and the ten year auction VPOC (volume point of control). Remember the auction high yield of 1.503%, it could be our mean reversal level for the next few days.

The caution flag for equities gets raised should ZN move back above 132'120.