Ides of March

Outlook 03/03: Stock futures jump to start March as Tesla and bitcoin soar. Futures got upward momentum from Tesla, which jumped more than 3% in early trading. Morgan Stanley defended the struggling stock, saying it could rebound by nearly 50%. Cryptocurrencies also rallied after President Trump announced the creation of a strategic crypto reserve for the U.S. that will include bitcoin and ether. Those moves into more speculative trades appeared to pull attention from Trump’s plans to impose import taxes on key U.S. trading partners this week. These policy proposals have rattled investors and stirred up market volatility recently as traders worry that they will reignite inflation. 

ESH25 (MAR2025): YVAH 5907 YPOC 5885 YVAL 5863 GAP 5957

/ES Plan: Last session market closed bullish, and overnight continues on that way (PBT 6015), moving above previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above HVE 5995 with bullish internals/volume, buy towards PBT 6015 magnet and HVEs 6036-6067.

B) If market moves below HVE 5995 with bearish internals/volume, sell towards GAP 5957 magnet and YVAH 5907.

Note: Market opens above value and if it begins to trade within value, VAR setup comes in play. 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

09:45 AM PMI Manufacturing Index
10:00 AM ISM Manufacturing Index
10:00 AM Construction Spending
11:35 AM Fed's Musalem Speech

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