Rollover week

Outlook 12/15: Stock futures rise as big week of economic data kicks off. Traders also braced for a slew of U.S. economic data reports ahead this week. Economic data reports could set the tone for the market in the week ahead. November nonfarm payrolls figures are set for release Tuesday, along with October retail sales figures. These reports were delayed due to the U.S. government shutdown that took place in the fall. The November consumer price index is due out on Thursday and OPEX next Friday with over $1 trillion in delta notional expiring. Combined with holiday time decay, sustained downside appears unlikely. Should weakness emerge, traders may look to monetize puts quickly. The key support to watch remains SPX 6,800. Should that level be maintained this week, the path to 7,000 opens. 

ESZ25 (DEC2025): YVAH 6857 YPOC 6830 YVAL 6812 GAP 6835

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

A) If market moves above HVE 6930 with bullish internals/delta, buy towards ON-ATH 6953 and PBT 6970 magnets.

B) If market moves below HVE 6930 with bearish internals/delta, sell towards HVE 6900 and GAP 6835 magnet.

Note: We're into rollover and usually rollover days show big divergences between Stocks vs. Futures, so Today less is more because setups that usually work well, may fail completely. Pace of the Roll 55% so Today, I'll be quoting /ESH26 as volume from March 2026 will be greater than /ESZ25 contract.  

Market Movers

10:30 ET Fed’s Williams speaks
11:00 ET Fed’s Miran speaks
14:00 ET Nvidia Summit
15:00 ET Trump Presentation

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