8,000 year-end

Outlook 05/27: Stock futures tick higher on Wednesday, as oil slid following a report that Iran agreement would restore traffic through the Strait of Hormuz within one month. It was also one day after the SP500 touched new records, as a tech rally led by memory chipmaker Micron Technology continued. Investors were also encouraged by messages from President Donald Trump indicating that talks with Iran to end the war were “proceeding nicely.” Goldman Sachs raises their year-end S&P 500 target to 8,000 from 7,600 late Tuesday on the notion that earnings growth will continue to be strong even with some geopolitical headwinds.

ESM26 (Jun2026): YVAH 7543 YPOC 7539 YVAL 7524 GAP 7536

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

A) If market remains above YVAH 7543 with bullish internals/delta, buy towards ATH-ETH 7570 and PBT 7582 magnets.

B) If market moves below YVAH 7543 with bearish internals/delta, sell towards GAP 7536 and YVAL-VAR 7424 magnets.

Note: If market opens above value and it begins to trade within value, VAR bearish setup comes in play. New record high has been printed at globex session so we should expect a retest at regular trading hours.

Market Movers

10:00 Richmond Fed Comp. Index

13:00 US 5-Year Note High Auction

15:55 Fed's Cook Speaks

 

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