After FOMC

Outlook 05/08: Stock futures are higher Thursday after President Donald Trump announced that a trade deal between the U.S. and United Kingdom had been struck. “The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come,” Trump said in a Truth Social post after teasing the announcement in previous posts. Trump said there will be a news conference at 10 a.m. ET to announce the deal. The Fed on Wednesday kept its benchmark overnight borrowing unchanged, as expected. Fed Chair Jerome Powell said during his post-decision press conference that if announced tariffs remain at their current levels, they could lead to a slowdown in economic growth, a spike in long-term inflation and greater unemployment.

ESM25 (JUN2025): YVAH 5656 YPOC 5632 YVAL 5626 GAP 5651

/ES Plan: Yesterday market closed balanced, but overnight looks more bullish (5772), moving above previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above YHOD 5690 with bullish internals/delta, buy towards ONH 5717 HVEs 5744-5759 and PBT 5572 magnet.

B) If market moves below YHOD 5690 with bearish internals/delta, sell towards YVAH 5656 GAP 5651 ONL 5636 and YVAL 5626 magnet.

Note: FOMC day always offer an overreaction, Today is the real reaction to yesterday news, and Tomorrow is when we have confirmation of the next trend. On these high volatility days, a lot of money could be made and lost but your first trading rule is 'manage your risk', sizing small with less /ES emini contracts or using /MES micro futures. 

Market Movers

10:00 ET Trump US-UK trade deal 
11:00 ET NY Fed Inflation Expectations
13:00 ET US sells $25 bln 30-Year Bonds

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