Outlook 06/23: Stock futures are mostly unchanged Monday after the U.S. joined Israel’s war against Iran. The U.S. carried out strikes against three Iranian nuclear sites, leading to fears of a wider conflict in the Middle East. Even so, the effects on financial markets were muted Monday. Oil prices were barely higher, giving up an earlier jump following the attacks. The escalation in the conflict adds to uncertainty around stocks, and follows two straight losing weeks for the SP500.
ESU25 (SEP2025): YVAH 6033 YPOC 6025 YVAL 6008 GAP 6022
/ES Plan: Last session market closed bearish, but overnight looks slight bullish, moving within previous value, so these're the opening and initial balance options for current session:
A) If market moves above YPOC 6025 with bullish internals/delta, buy towards ONH 6039 YHOD 6071 and PBT-GAP 6094 magnet.
B) If market moves below YPOC 6025 with bearish internals/delta, sell towards YVAL 6008 and HVEs 6000-5975-5969 and ONL 5959.
Note: Market opens inside value. Don't be 'too anxious'. Stay patient. You don’t have to be the first. Bad trades occur when you try to force things to happen. It's Monday and Mondays are 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 ET US S&P PMI June Forecast: 51
10:00 ET US Existing Home Sales Forecast: 3.96M
10:00 ET Fed’s Vice Chair Bowman speaks
13:10 ET Fed’s Goolsbee speaks
14:30 ET Fed’s Williams and Fed Adriana Kugler
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