Traders Exhaustion

Outlook 04/23: Stock futures rise on Thursday after President Donald Trump extended the U.S. ceasefire in Iran and Pakistan proposal to open the Strait of Hormuz in exchange for partial lifting of the blockade on Iran. Intense news headlines give everyone a lot of pause, everyone a lot of heartburn. But at the end of the day, earnings estimates continue to rise, and that really kind of indicates that businesses are figuring out a way to muddle through all of this noise and manage through this uncertainty in a way that they can still deliver profit growth. Traders will also watch out for April’s S&P Global PMI manufacturing and services preliminary readings.

ESM26 (Jun2026): YVAH 7164 YPOC 7158 YVAL 7148 GAP 7164 

/ES Plan: Yesterday market closed bullish (PBT 7193), and overnight continues on that way, still moving within previous value, so these're the opening and initial balance options for current session:

A) If market moves above YVAL 7148 with bullish internals/delta, buy towards YVAH-GAP 7164 and PBTs 7193-7210 magnets.

B) If market moves below YVAL 7148 with bearish internals/delta, sell towards YLOD 7122 ONL 7105 and GAP 7075 magnet.

Note: Market opens inside value. Don't be 'too anxious'. Bad trades occur when you try to force things to happen. 

Market Movers

09:45 US S&P Services PMI 
10:00 US Trade Rep. Greer Speaks
11:00 Kansas City Fed Index
11:30 US 4-Week Bill Auction
13:00 US 5-Year TIPS Auction
16:00 INTC Q1 2026 Earnings

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