PPI data

Outlook 07/16: Stock futures tick higher on Wednesday, as investors weighed earnings releases from big banks and digested the latest wholesale inflation report. June’s producer price index, considered a leading indicator for pipeline inflation pressures, reflected no change in wholesale prices for the month. Economists expected a 0.2% increase for PPI. That report follows Tuesday’s data which reflected an increase in consumer prices in June from the previous month. The report weighed on markets during the previous session, fueling concerns about the impact of President Donald Trump’s tariffs as they make their way through the economy.

ESU25 (SEP2025): YVAH 6325 YPOC 6307 YVAL 6292 GAP 6277

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

A) If market remains above YVAL 6292 with bullish internals/delta, buy towards ONH 6300 and YPOC 6307 YVAH 6325 both magnets.

B) If market moves below YVAL 6292 with bearish internals/delta, sell towards GAP 6277 magnet ONL 6257 and HVE 6245.

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. Remember that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours.

Market Movers

10:00 ET Fed’s Barr speaks

10:30 ET US Weekly EIA Crude Oil Inventories

11:15 ET Trump Meeting with Crown Prince

14:00 ET Fed’s Beige Book

15:00 ET Trump participates in a Bill Signing Ceremony

15:30 ET Fed’s Bostic speaks

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