FOMC begins

Outlook 01/27: Stock futures tick higher on Tuesday after the major averages started the busy earnings week on a positive note. Investors are also waiting for the Federal Reserve’s rate decision, due later this week. More than 90 SP500 companies are slated to report quarterly earnings this week. Meta and Microsoft, as well as fellow “Magnificent Seven” giant Tesla, are all due Wednesday. Apple will share its results on Thursday. FOMC begins Today. The central bank is widely expected to keep its key rate at a target range of 3.5% to 3.75%, but traders will search for clues on when future cuts may come. Fed funds futures trading still suggests there could be two quarter percentage point cuts by the end of 2026. On the economic data, traders will be watching for the latest consumer confidence reading and home price data.

ESH26 (Mar2026): YVAH 6993 YPOC 6989 YVAL 6976 GAP 6980 

/ES Plan: Yesterday market closed bullish (PBT 7036), and overnight continues on thata way, moving above previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above HVE-YHOD-YVAH 6997-96 with bullish internals/delta, buy towards ATH-PBT 7036  and PBT 7045 magnets.

B) If market moves below HVE-YHOD-YVAH 6997-96 with bearish internals/delta, sell towards GAP  6980 and YVAL-VAR 6976 magnets.

Note:  If market opens above value and it begins to trade within value, VAR setup comes in play. Keep in mind new record high has been printed overnight, so it's still pending to be revisited at RTH. 

Market Movers

10:00 CB Consumer Confidence
10:00 Richmond Fed Comp. Index
13:00 5-Year Note Auction

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