Outlook 07/18: Stock futures tick higher on Friday, a day after the SP500 posted a new record high, as traders digested more earnings. The major U.S. stock benchmarks were also on track to post weekly gains. Data is pointing to a strong U.S. economy also lifted the major stock benchmarks. Today is stock options expiration, that is setting on the third Friday of every month. The options expiration day is one of the most active days in the stock market each month. It is when the majority of stock options expire or get exercised. These days often exhibit high volatility due to increased trading volumes in both options and the underlying stock. This heightened activity can impact stock and futures prices, resulting in larger prices fluctuations.
ESU25 (SEP2025): YVAH 6346 YPOC 6341 YVAL 6318 GAP 6341
/ES Plan: Yesterday market closed bullish, and overnight printed a new record, moving above previous value, so these're the opening and initial balance options for current session:
A) If market remains above YHOD 6346 with bullish internals/delta, buy towards ATH-ETH 6357 pending and PBTs 6355-6365 all magnets.
B) If market moves below YHOD 6346 with bearish internals/delta, sell towards YPOC-GAP 6341 YVAL-VAR 6318 and GAP 6301 all magnets.
Note: Remember that new record high has been printed overnight, so it's still pending to be revisited at regular hours. Market opens above value and if it begins to trade within value, VAR setup comes in play.
Note: It's OPEX day, which refers to the monthly expiration of stock options. The event can lead to higher volatility and more trading volumes, with high-frequency traders trying to take advantage for quick arbitrage opportunities.
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