Summer ends

Outlook 09/01: U.S. stock futures are going into September on a high, fueled by easy monetary policy from the Federal Reserve and a market still flush with cash. While the major averages fell back slightly on Tuesday, futures climbed overnight. Investors are still looking for a correction this month, given that stocks haven't had a major pullback since October 2020, which was the last time the SP500 fell by more than 5%. September is historically the worst month of the year for stocks.

/ESU21: YVAH 4526 YPOC 4520 YVAL 4517 GAP 4526.25

/ES Plan: Yesterday market closed bullish, and overnight continues on that way, moving above yesterda's value, so these're the opening and initial balance options for today:

A) If market moves above LIS 4533 with bullish internals, buy towards ONH 4540 ATH-ON 4542.25 and PBT 4550.

B) If market moves below LIS 4533 with bearish internals, sell towards YVAH-GAP 4526 YVAL 4517 and  HVE 4511.

Note: Remember that record high has been printed overnight, so it's still pending to be revisited at regular trading hours.

Market Movers

9:45 PMI Manufacturing Index

10:00 ISM Manufacturing Index

10:00 Construction Spending

10:30 EIA Petroleum Inventories

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