Outlook 06/26: Stock futures tick higher early Thursday as the SP500 remains within striking distance of its all-time high. The moves come after the SP500 finished Wednesday’s session flat but within 1% of its February record. The benchmark has rallied more than 22% since hitting a closing low in April at the peak of the U.S. tariff scare. Initial jobless claims for the week ending June 21 pulled back to 236,000, which was below the 244,000 consensus estimate. The data is indicative of a still-strong economy that seems to be holding up.
ESU25 (SEP2025): YVAH 6152 YPOC 6145 YVAL 6139 GAP 6145
/ES Plan: Yesterday market closed balanced, but overnight looks bullish (PBT 6192), moving above previous value/range, so these're the opening and initial balance options for current session:
A) If market remains above YHOD 6160 with bullish internals/delta, buy towards ATH 6166 and PBTs 6180-6192-6212 magnets.
B) If market moves below YHOD 6160 with bearish internals/delta, sell towards YPOC-GAP 6145 magnet and YVAL 6139 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
11:00 US Pending Homes Index
11:30 EIA Natural Gas Change
12:00 Kansas City Fed Manufacturing
12:30 US 4-Week Bill High Yield
14:00 WH Press Sec. Leavitt Speaks
14:00 US 7-Year High Yield Auction
14:15 Fed's Barr Speaks
Follow Twitter updates using
TweetDeck old version.
Questions via private twitter direct message (RTH)
