SPX 7600

Outlook 04/22: Stock futures rise on Wednesday after President Donald Trump extended the U.S. ceasefire in Iran and a number of upbeat earnings reports. After Tuesday’s close, Trump extended a two-week U.S. ceasefire, saying it was warranted due to Tehran’s “seriously fractured” government. Despite ongoing geopolitical uncertainty, JP Morgan and Goldman Sachs, both expect the rally to continue, buoyed by the AI boom and rising productivity with a year-end SP500 target around 7600. Both think markets are forward looking, and the reality is we are still on a de-escalatory path.

ESM26 (Jun2026): YVAH 7140 YPOC 7124 YVAL 7092 GAP 7124 

/ES Plan: Yesterday market closed balanced, but overnight action is bullish, moving above previous value, so these're the opening and initial balance options for current session:

A) If market remains above YVAH 7140 with bullish internals/delta, buy towards ONH 7157 and PBTs 7200-7210 magnets.

B) If market moves below YVAH 7140 with bearish internals/delta, sell towards GAP 7124 and YVAL-VAR 7092 magnets.

Note: If market begins to trade within value, VAR bearish setup comes in play with YPOC-YVAL as magnet targets.  

Market Movers

10:00 US Treasury Sec. Bessent Testifies

10:30 EIA Crude Oil Inventories

13:00 US 20-Year Bond Auction

16:05 TSLA Q1 2026 Earnings

16:10 IBM Q1 2026 Earnings

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