Outlook 06/02: Stock futures tick lower on Tuesday, with traders digesting a move to fresh all-time highs while monitoring the latest U.S.-Iran developments as well as moves in major tech names. We’ve had nine consecutive up weeks for the SP500, and naturally that does reflect positive momentum. Momentum is positive now, short term, intermediate term, long term, and we saw a series of flag pattern breakouts, or essentially sharp run ups followed by brief consolidation phases that are then resolved higher. These run-ups were really explosive. Unfortunately, that also means they tend to end in dramatic fashion, but we don’t have indications yet, any confirmed sell signals from inventories outflows to suggest that this 'Big Long' is over, but next NFP Friday's close will be key.
ESM26 (Jun2026): YVAH 7620 YPOC 7615 YVAL 7587 GAP 7615
/ES Plan: Yesterday market closed bullish, but overnight looks balanced, moving within previous value, so these're the opening and initial balance options for current session:
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