Warsh’s day

Outlook 04/21: Stock futures rise on Tuesday after President Donald Trump expects the U.S. and Iran to make a “great deal” ahead of a ceasefire that’s set to expire Wednesday. The president added, however, that the U.S. military is “ready” to bomb Iran if a deal is not signed by the ceasefire deadline and that he does not want to extend it. Investors will monitor on Tuesday Federal Reserve chair nominee Kevin Warsh’s confirmation hearing. In his prepared statement to the Senate Banking committee, released Monday, the former Fed governor said the U.S. central bank must be largely independent of political influence, while also staying focused on its primary goals.

ESM26 (Jun2026): YVAH 7150 YPOC 7142 YVAL 7130 GAP 7146 

/ES Plan: Yesterday market closed bullish (PBT 72010), and overnight continues on that way, moving above previous value, so these're the opening and initial balance options for current session:

A) If market remains above YHOD 7160 with bullish internals/delta, buy towards ONH 7183 and PBTs 7200-7210 magnets.

B) If market moves below YHOD 7160 with bearish internals/delta, sell towards GAP 7146 and YVAL 7130 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 Warsh Confirmation Hearing
10:00 US Pending Home Sales
10:00 US Business Inventories
14:30 Fed's Waller Speak

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