Outlook 08/29: Stock futures fall on Friday as investors took some money off the table into a long weekend following a new SP500 record and solid Nvidia earnings this week. New inflation data showed rising prices was still a risk heading into the new month. Core PCE, a key inflation measure watched by the Federal Reserve which excludes the costs of food and energy, increased 2.9% in July, in-line with expectations but an acceleration from the prior month and the highest level since February.
ESU25 (SEP2025): YVAH 6523 YPOC 6517 YVAL 6500 GAP 6517
/ES Plan: Yesterday market closed bullish, but overnight looks bearish (PBT 6472), still moving within previous value, so these're the opening and initial balance options for current session:
A) If market moves above YVAL-HVE 6500 with bullish internals/delta, buy towards GAP-ONH 6517 and ATH 6522 and PBT 6525 magnet.
B) If market moves below YVAL-HVE 6500 with bearish internals/delta, sell towards ONL 6488 and PBT-YLOD-HVE 6472-6470 magnet.
Note: It's 'Capital Preservation Friday'. Try to be calm and focus rather than thinking about your P/L account. Fridays are rebalanced days for funds manager to open or close weekly time frames positions, so last half hour set big funds bias.
Keep in mind traders will get an extra day to prepare for fall this weekend. U.S. markets will be closed on Monday for the Labor Day.
Market Movers
9:45 ET US Chicago PMI
10:00 ET Univ.Michigan Sentiment
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