Tech selloff

Outlook 07/17: Stock futures fell sharply on Friday, as mounting jitters over artificial intelligence spending weighed on sentiment and dragged global tech stocks lower. A sell-off in Asia-Pacific markets accelerated on Friday, with chipmakers extending their decline. The sell-off also reached Europe. Alongside chips, shares of Netflix were a major laggard Friday, falling more than 11% after the company posted second-quarter results that were roughly in line with expectations as well as a disappointing earnings forecast. Further escalations in the U.S.-Iran war also remained in focus on Friday, with oil prices rising in their wake.

ESU26 (Sep2026): YVAH 7614 YPOC 7602 YVAL 7578 GAP 7567

/ES Plan: Yesterday market closed bearish, and overnight continues on that way (PBT 7453), moving below previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above ONL 7491 with bullish internal/delta, buy towards GAP 7567 and ONH-YVAL 7575-78 magnets.

B) If market moves below ONL 7491 with bearish internal/delta, sell towards HVEs 7488-7471-7468 and PBT 7453 magnet.

Note: Overnight is 100% bearish. The expected action is a counter-auction. Failure to see the counter-auction would be an indication of potential bearish trend day. Keep in mind when gamma flips negative, below zero, those same hedging flows reverse, adding selling pressure during declines. It's 'Capital Preservation Friday'. Try to be calm and focus rather than thinking about your P/L account. Fridays are rebalanced days for managers to open or close positions. 

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