Post CPI NQ Futures Commentary \ Monday Analysis Delivered - 07/15/2026

Date: 2026-07-15

URL: https://www.youtube.com/watch?v=IF7dEkgWoO0

Right here, relative equal lows.

I said they would sweep that and then come all the way back up to the New Week Opening Gap.

And you’ll find that in Monday’s commentary and analysis.

And the yellow line is that lower volume imbalance on the daily chart I was referring to.

And that low right here—it swept through that.

And I’ll show you why that was important with this level here when we go back up to the daily chart.

There were two forms of liquidity here, right before the 8:30 news driver with the CPI data, and then the high that formed.

And I felt, as I indicated yesterday in the lecture and the execution, this is the first presented fair value gap from Tuesday, and it’s the suspension block.

We used the body here, indicating that we are now respecting this as an inversion fair value gap because we had to close outside of it right there.

Then we went right back to respecting the first presented fair value gap, which is the suspension block over here.

So now it changes its characteristic back to its first utilization, which is that it was bullish the way it was presented.

It’s a buy-side imbalance, sell-side inefficiency.

If bullish prices are in order and it trades back down into it, it should support price going higher.

The draw is the New Week Opening Gap.

I gave you that on Monday.

We traded into it here.

I tweeted around this time last night, saying that the New Week Opening Gap for NQ was hit, and that’s probably guesswork—my normal facetious stuff.

All right, so I don’t think that we’re going to avoid going higher.

I believe we have a little bit more unfinished business up here.

But look at all this price action here.

See all this?

We have sell-side resting right below here, and we have this single toothpick, one little chopstick, holding up all this price action.

So my attention is right here.

I suspect that might get traded to before we close the week out, and my focus is that.

Okay, so there are a couple of scenarios that could unfold here.

We could just drop down into this with the PPI number and then work higher, so it’s kind of like a two-stage delivery.

So in here, if it’s still bullish when it drops down there, it’ll respect the upper half with the bodies and leave something open on the downside.

Okay, if we rally first to poke our head above the New Week Opening Gap and fail to go higher, and we start to break down, then that’s where my draw is for today.

I don’t know before PPI, folks.

The only thing that I know that’s important—and the most important thing—is that I don’t know everything.

And you’re not going to know everything.

And there are times when the market volatility is so scripted against you, and the probabilities are shifted so far away from you, that you need to be aware of it.

And that’s what PPI, CPI, FOMC rate announcements, Non-Farm Payroll—those events—you don’t have all the things going in your favor to help warrant participation.

Okay, so what we like to do is like a sniper.

We set up our hide.

Okay, our hide is where we station ourselves and wait for our kill shot.

So what does that mean?

We’re sitting still.

We’re trying to get to a vantage point where we can see the mark walk right into our crosshairs.

And we’re not chasing it.

We’re not pursuing it.

We’re sitting still.

It’s going to walk right into our crosshairs, and then when it makes sense to do so, we pull the trigger and engage.

We’re not reacting, we’re anticipating.

We’re letting the market walk right into our model, right into our setup, right into our entry mechanism, and then we manage it accordingly.

So we have a large pool of liquidity still resting down here, here, and here for sell-side.

So how do we use that in relationship to the PPI number here in a little less than an hour remains to be seen.