Butting heads

Outlook 07/25: Stock futures on the flatline after new record high. The SP500 index has notched new all-time closing highs every day so far this week, bringing its total tally for record closes in 2025 to 13. Meanwhile, the technology-heavy Nasdaq has recorded three all-time-high closes this week alone. President Trump’s highly anticipated visit to the Federal Reserve on Thursday included an attention-grabbing back-and-forth with Chairman Powell. It was a sight to behold: Trump and Powell wore white hard hats as they toured an area of the central bank under construction. As Trump told reporters that renovations of two buildings were costing around $3.1 billion, Powell began shaking his head. On a friendlier note, Trump insinuated he was leaving behind the idea of firing Powell, a possibility that’s concerned investors in recent months. 

ESU25 (SEP2025): YVAH 6412 YPOC 6404 YVAL 6400 GAP 6404

/ES Plan: Yesterday market closed balanced, but overnight looks bearish, moving within previous value, so these're the opening and initial balance options for current session:

A) If market remains above YVAL 6400 with bullish internals/delta, buy towards GAP 6404 YVAH 6412 and ON-ATH 6421 magnet.

B) If market moves below YVAL 6400 with bearish internals/delta, sell towards YLOD 6392 and GAP 6345 magnet.

Note: Remember that new record high has been printed overnight, so it's still pending to be revisited at regular hours. It's 'Capital Preservation Friday'. Try to be calm and focus rather than thinking about your P/L account. 

Market Movers

14:00 US Baker Hughes Total Rig Count

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