June last week

Outlook 06/24: U.S. stock futures tick higher as the market is set to enter the last week of June near a record. The enthusiasm surrounding artificial intelligence has lifted the market significantly this year even as investors grappled with shifting expectations for rate cuts and a slowing economy. The SP500 has advanced almost 15% this year after notching 31 record closes. Investors will closely monitor May’s personal consumption expenditure data, the Federal Reserve’s preferred inflation gauge, which is set to be released Friday morning. There are also a number of key companies earnings this week, including FedEx, Micron, Walgreens Boots Alliance and Nike.

/ESU24 (SEP 2024): YVAH 5539 YPOC 5533 YVAL 5529 GAP 5538.25

/ES Plan: Last session market closed balanced, but overnight looks bullish, moving within previous value, so these're the opening and initial balance options for today:

A) If market moves above YVAL 5529 with bullish internals, buy towards YVAH 5539 ONH 5546 YHOD 5551 and ATH-ON 5588.

B) If market moves below YVAL 5529 with bearish internals, sell towards YLOD-ONL 5520 PBT 5500 HVE 5490 and Roll-GAP 5455.

Note:  New record high has been printed overnight, so it's still pending to be revisited at regular trading hours. It's Monday, usually the quietest days of the week. Many traders want to take their time analyzing the market, and usually, there are few economic releases. 

Market Movers

10:30 Dallas Fed Survey

2:00 PM Fed's Daly

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