Walmart dip

Outlook 08/21: Stock futures fell slightly on Thursday as tech names dragged the broader market lower and traders weighed earnings from retail giant Walmart missing earnings expectations, the first time since May 2022. Minutes from Fed’s July meeting showed policymakers are worried about the state of the labor market and inflation, though most agreed that it was too soon to lower interest rates. Fed governors Christopher Waller and Michelle Bowman dissented against holding rates steady, marking the first time two board members have done so since 1993. Investors are looking to hear from Federal Reserve Chair Jerome Powell on Friday at the central bank’s annual economic symposium in Jackson Hole, Wyo., where he could offer insights into the path of interest rates.

ESU25 (SEP2025): YVAH 6413 YPOC 6397 YVAL 6367 GAP 6413

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

A) If market remains above HVE 6385 with bullish internals/delta, buy towards GAP-YVAH 6413 and GAP 6434 magnets.

B) If market moves below HVE 6385 with bearish internals/delta, sell towards YVAL 6367 and YLOD-HVE 6358.

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

Market Movers

09:45 ET US S&P PMI August
10:00 ET US Existing Home Sales
13:00 ET US sells $8 bln 30-Year TIPS

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