Outlook 04/30: Stock futures rise on Thursday as traders parsed through the latest batch of corporate earnings, while oil prices declined slightly. Federal Reserve voting to hold interest rates steady in the range of 3.5% to 3.75%, as investors had largely expected, although the 8-4 vote marked the first time four Fed officials have dissented since 1992. The Fed held rates unchanged and itraders expect that to continue for the rest of this year. Several FOMC members are clearly uncomfortable with rising inflation and want to signal that the next move may not be a cut. With Powell choosing to stay on as a Fed governor, those in favor of cuts, including incoming Chair Kevin Warsh, are in the minority. Warsh is going to have a hard time convincing a majority to cut rates.
ESM26 (Jun2026): YVAH 7170 YPOC 7159 YVAL 7149 GAP 7138
/ES Plan: Yesterday market closed balanced, but overnight looks more bullish (PBT 7226), moving above previous value/range, so these're the opening and initial balance options for current session:
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