Day-Trading Scenarios for Feb 27, 2026

We are back to shorting rallies.

The daily downtrend has resumed control. The first thrust did hit projected support at 48948. We can look to short rallies into resistance first at 49230.

Fundamentally, the focus is on freshly released inflation data and its implications for Federal Reserve policy. At 8:30 AM EST, the January Producer Price Index (PPI) came in hotter than expected: MoM at 0.5% (vs. forecast 0.3% and prior 0.5%), and YoY at 2.9% (vs. forecast 2.6%). Core PPI MoM was 0.3% (vs. forecast 0.3% and prior 0.7%). This elevated reading signals persistent wholesale inflation pressures, which could temper expectations for near-term Fed rate cuts and weigh on equity futures like YM.

Other key events today:

• 9:45 AM EST: Chicago PMI (February) – Forecast 53.5 (prior 54.0). A softer reading could highlight manufacturing weakness.

• 10:00 AM EST: Construction Spending (November) – Forecast 0.25% (prior 0.5%).

• 1:00 PM EST: Baker Hughes Rig Count (February 27).

30-Yr TIPS Settlement

International Trade in Goods (Advance)

 8:30 AM ET

PPI-Final Demand

 8:30 AM ET

Chicago PMI

 9:45 AM ET

Construction Spending

 9:55 AM ET

Construction Spending

 10:00 AM ET

Baker Hughes Rig Count

 1:00 PM ET

Farm Prices

 3:00 PM ET

<<<<<<<<<<<<<<<<<<<<<<<<<<<

DATE: 2/27/2026

TIME: 9:24 AM

HIGH: 49872

LOW: 49261

CLOSE: 49531

PIVOT: 49555

SUPPORT: 48948

RESISTANCE: 49608

SWING MAGNITUDE: 257

TIME OF COMMENT: 9:24 AM

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