Ceasefire deal

Outlook 06/24: Stock futures tick higher while oil prices fell on Tuesday morning, as investors bet that a delicate ceasefire between Israel and Iran would hold. These moves come as President Donald Trump tried to salvage a fragile ceasefire between Israel and Iran that took effect early Tuesday morning. Both sides have accused the other of violating the agreement, and the Israeli confirmed that it had attacked a radar close to Iran’s capital city Tehran. Traders will also watch Federal Reserve Chairman Jerome Powell as he speaks before the House Financial Services Committee and presents the central bank’s monetary policy report. The central bank chief will go before the Senate Banking Committee on Wednesday. Powell’s appearance on Capitol Hill comes at a pivotal time: He is facing an aggressive push from the White House to cut rates, and in recent days two Fed officials have said they could see a case for dialing back policy as early as July.

ESU25 (SEP2025): YVAH 6070 YPOC 6065 YVAL 6020 GAP 6077

/ES Plan: Yesterday market closed bullish (PBT 6170), and overnight continues on that way (PBT 6170), moving above previous value, so these're the opening and initial balance options for current session:

A) If market moves above HVE 6112 with bullish internals/delta, buy towards ONH 6144 GAP 6154 magnet ATH 6166 and PBTs 6170-6180 magnets.

B) If market moves below HVE 6112 with bearish internals/delta, sell towards YHOD 6081 GAP 6077 magnet YVAH 6070 and YVAL-VAR 6020 magnet.

Note: Overnight inventory is 100% bullish. The expected action is a counter-auction. Failure to see the counter-auction would be an indication of potential bearish trend day. Market opens above value and if it begins to trade within value, VAR setup comes in play. 

Market Movers

10:00 ET US CB Consumer Confidence for June
10:00 ET Fed Chair Powell at the House Committee
12:30 ET Fed’s Williams Text and Q&A both expected
13:45 ET Fed’s Kashkari No text, but there is a Q&A.
14:00 ET Fed’s Collins Text is expected, but no Q&A.
16:00 ET Fed Michael Barr Text expected, but no Q&A.

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