Outlook 06/25: Stock futures near flat Wednesday as investors watched to see if the benchmark index could return to its all-time high. The SP500 jumped more than 1% in Tuesday’s session as oil prices fell on bets that the ceasefire between Iran and Israel could last. With that gain, the index now sits less than 1% off its record high. Investors will watch Wednesday for data on new home sales due in the morning. They’ll also monitor Federal Reserve Chair Jerome Powell as he speaks before the Senate Banking Committee.
ESU25 (SEP2025): YVAH 6155 YPOC 6144 YVAL 6125 GAP 6144
/ES Plan: Yesterday market closed bullish (PBT 6212), and overnight continues on that way, moving a few ticks above previous value, so these're the opening and initial balance options for current session:
A) If market remains above YHOD-YVAH 6155 with bullish internals/delta, buy towards ATH 6166 and PBTs 6180-6212 magnets.
B) If market moves below YHOD-YVAH 6155 with bearish internals/delta, sell towards YPOC-GAP 6144 magnet and YVAL 6125 magnet.
Note: Overnight inventory is bullish. The expected action is a counter-auction. Failure to see the counter-auction would be an indication of potential bearish trend day. If market opens above value and it begins to trade within value, VAR setup comes in play.
Market Movers
10:00 ET US New Home Sales for May Forecast: 0.694M
10:00 ET Fed’s Powell testimony Text and Q&A
10:30 ET US Weekly EIA Crude Oil Inventories Forecast: -2.5M
13:00 ET US sells $70 bln 5-Year Notes Auction
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