Rally pause

Outlook 09/12: Stock futures fall slightly on Friday after the market surged to fresh records as investors took signs of weakening jobs and tame inflation to mean the Federal Reserve will lower interest rates next week. While the CPI report is a tad hotter than expected, it will not give the Fed a moment of hesitation when they announce a rate cut next week. If anything, the jump in jobless claims will inject a bit more urgency in the Fed’s decision making, with Powell likely signaling a sequence of rate cuts is on the way. Futures markets are pricing in a quarter percentage point at the conclusion of Fed’s Sept. 17 meeting.

ESU25 (SEP2025): YVAH 6600 YPOC 6591 YVAL 6574 GAP 6591

/ES Plan: Yesterday market closed bullish (PBT 6618) but overnight looks balanced, moving within previous value, so these're the opening and initial balance options for current session:

A) If market moves above YPOC 6591 with bullish internals/delta, buy towards YHOD-YVAH 6600 and PBT 6618 magnet. 

B) If market moves below YPOC 6591 with bearish internals/delta, sell towards YVAL 6574 and YLOD-GAP 6538 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.

Market Movers

10:00 ET University Michigan Sentiment

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