The overall bias for today's NY session is moderately bullish, supported by positive overnight earnings sentiment and strength in Nasdaq futures. The highest-probability setup is to buy a retracement into a fresh demand zone that aligns with the rising 14 or 50 EMA while the 14 EMA remains above the 50 EMA and both stay above the 200 EMA. If buyers maintain control above the 200 EMA, expect continuation toward higher supply levels; however, remain cautious around the 10:00 ET economic data release, which could briefly reverse momentum especially if price opens strong but fails at a fresh supply zone and loses the 14 EMA, then watch for the 50 EMA.
A close below both the 14 and 50 EMA, followed by rejection from beneath them, favors a move toward the 200 EMA. Only short if sellers defend supply with increasing momentum
Let's see what we will get today.