More tariffs

Outlook 07/14: Stock futures slid early Monday after President Trump threatened high tariffs on more countries over the weekend, but were off the worst levels as investors bet those duties will eventually be negotiated down. Investors were also optimistic about second-quarter earnings season, which ramps up this week. Investors continue to monitor ongoing updates on the tariff front, after Trump announced Saturday that the U.S. will impose 30% tariffs on the European Union and Mexico starting Aug. 1. Leaders of the EU and Mexico indicated they intend to keep talking with the Trump administration this month in an attempt to agree on a lower rate. Trump’s announcement comes ahead of inflation readings this week, which will give a better sense of how tariffs already in effect are being felt throughout the economy.

ESU25 (SEP2025): YVAH 6310 YPOC 6306 YVAL 6296 GAP 6297

/ES Plan: Last session market closed balanced, but Sunday's reopening looks weak, moving below previous value, so these're the opening and initial balance options for current session:

A) If market moves above YLOD 6277 with bullish internals/delta, buy towards YVAL-GAP 6297 YVAH 6310 and GAP 6320 all magnets.

B) If market moves below YLOD 6277 with bearish internals/delta, sell towards ONL 6259 HVE 6245 and GAP-PBT 6221 magnet.

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

10:00 Trump at NATO's Rutte Speak
11:30 US 6-Month Bill High Yield
11:30 US 3-Month Bill High Yield
12:00 Trump Speaks at Luncheon

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