SPX Pullback

Outlook 01/08: Stock futures pullback further from record levels. The SP500 and Dow ended Wednesday’s session in the red after touching fresh all-time highs. Those declines came as crude prices slid after President Donald Trump said that interim authorities in Venezuela will be turning over as much as 50 million barrels of oil to the U.S., prompting concerns over increasing oil supply. Crude prices rebounded Thursday, with U.S. oil rising more than 1%. Markets have largely shrugged off global geopolitical risks, but growing tensions could test the resilience of stocks as the new year begins. Labor Department reported that initial unemployment claims for the week ending Jan. 3 totaled a seasonally adjusted 208,000, an increase of 8,000 from the prior period but just below the estimate for 210,000.

ESH26 (Mar2026): YVAH 6998 YPOC 6988 YVAL 6976 GAP 6960

/ES Plan: Yesterday market closed bearish, and overnight continues on that way, moving belown previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above YLOD 6958 with bullish internals/delta, buy towards YVAL 6976 and YVAH-VAR 6998 magnet.

B) If market moves below YLOD 6958 with bearish internals/delta, sell towards ONL 6935 HVE 6929 and GAP 6903 magnet.

Note: Market opens inside value. Don't be too anxious. Stay patient. You don’t have to be the first. Bad trades occur when you force setups. 

Market Movers

10:00 ET Wholesale Inventories
10:00 ET Fed’s Miran speaks
10:15 ET Trump with US Attorneys
15:00 ET Consumer Credit

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