Monday rebound

Outlook 07/20: Stock futures tick higher on Monday as oil prices fluctuated in response to the latest bout of military exchanges between the U.S. and Iran. Chipmakers also traded higher to give U.S. equity markets a boost. The three leading U.S. indexes closed in the red last week, as pressure on chip stocks weighed on sentiment. The SP 500 dropped 1.6%, while the Nasdaq sank 2.9%, and the Dow lost 0.9%. Investors still don’t think Trump has the tolerance for a material escalation of the US force posture in the Middle East and if that’s the case, then some type of a diplomatic resolution is inevitable.

ESU26 (Sep2026): YVAH 7534 YPOC 7515 YVAL 7497 GAP 7489

/ES Plan: Last session market closed bearish, but reopening looks bullish (PBT 7569), still moving within previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above YVAH 7534 with bullish internal/delta, buy towards ONH 7545 and GAP 7567 PBT 7569 magnets.

B) If market moves below YVAH 7534 with bearish internal/delta, sell towards YPOC 7515 and YVAL 7497 GAP 7489 magnets.

Note: Market opens inside value. Don't be 'too anxious'. Stay patient. You don’t have to be the first. Bad trades occur when you try to force things to happen. It's Monday and Mondays are usually the quietest days of the week. Many traders want to take their time analyzing the market, and usually, there are few economic releases.

Market Movers

11:30 US 3-Month Bill Auction

11:30 US 6-Month Bill Auction

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