FOMC Minutes

Outlook 07/09: Stock futures are little changed as investors monitor Trump tariff developments. Trump on Tuesday also announced a 50% levy on copper imports and hinted that further sector-specific tariffs will soon be announced. He threatened Tuesday afternoon to impose up to 200% tariffs on pharmaceuticals imported into the U.S., but said that he will “give people about a year, year and a half” until the duties go into effect. The tariff announcement was a reminder that markets are not out of the woods. The White House has not really achieved their goals on trade, and that could be a continued source of volatility. In addition to watching further tariff policy developments on Wednesday, traders will be monitoring the release of the Federal Open Market Committee’s minutes from its last meeting.

ESU25 (SEP2025): YVAH 6279 YPOC 6272 YVAL 6228 GAP 6272

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

A) If market moves above YHOD 6288 with bullish internals/delta, buy towards GAP 6323 ATH 6333 and PBT 6355 magnets.

B) If market moves below YHOD 6288 with bearish internals/delta, sell towards YVAH 6279 GAP 6272 and YVAL 6228 all magnets.

Note: Market opens above value and if it begins to trade within value, VAR setup comes in play. 

Market Movers

10:00 ET US Wholesale Inventories
10:30 ET US Weekly EIA Crude Oil Inventories
12:05 ET Trump with African Leaders
13:00 ET US 10-Year Notes Auction
14:00 ET FOMC Meeting Minutes

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