FOMC week

Outlook 06/15: Stock futures rise on Monday to kick off the holiday-shortened trading week after President Donald Trump announced that an agreement had been reached to end the war between the U.S. and Iran. Trump said late Sunday on social media that a deal with Iran was “now complete.” Trump also said he authorized the reopening of the key Strait of Hormuz passageway, sending oil prices tumbling on Sunday. Investors are watching for economic data on housing and retail sales this week. They will also closely monitor the Federal Reserve policy meeting, which Fed funds futures indicate has a more than 98% chance of ending with rates unchanged.

ESM26 (Jun2026): YVAH 7442 YPOC 7434 YVAL 7406 GAP 7442

/ES Plan: Last session market closed bullish, and overnight, after US-Iran deal, continues on that way (PBT 7575), moving above previous value/range, so these're the opening and initial balance options for current session:

A) If market remains above HVE 7542 with bullish internals/delta, buy towards PBT 7575 and GAP 7594 both magnets.

B) If market moves below HVE 7542 with bearish internals/delta, sell towards ONL 7480 and YVAH-GAP 7442 magnet.

Note: We're into rollover and usually rollover days show big divergences between Stocks vs. Futures, so Today less is more because setups that usually work well, may fail completely. Pace of the Roll 35% so Today, I'm still trading June contract until volume from /ESU26 will be greater than /ESM26 contract.  

Market Movers

10:00 US NAHB Housing Market Index

11:30 US 3-6 Month Bill Auction

 

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