August start

Outlook 08/03: Stock futures rose early Monday after President Donald Trump called off planned strikes against Iran, sending oil prices lower, in the first trading day of the new month. Treasury yields also fell as worries around inflation dimmed slightly. Monday marks the first trading day of August, with the major averages looking to stabilize after a volatile July. Investors will also have a full slate of labor market data to digest this week, culminating on Friday with July’s closely-watched non-farm payrolls and unemployment figures on Friday. The U.S. economy is expected to have added 87,500 nonfarm payrolls in July, up from 57,000 jobs the previous month. The unemployment rate is also set to edge higher, to 4.3% from 4.2%.

ESU26 (Sep2026): YVAH 7533 YPOC 7510 YVAL 7472 GAP 7522

/ES Plan: Last session market closed bullish (PBT 7594), and Sunday's reopening continues on that way, moving above value/range, so these're the opening and initial balance options for current session:

A) If market moves above YHOD 7540 with bullish internal/delta, buy towards ONH 7567 and HVE-PBT 7594 magnet.

B) If market moves below YHOD 7540 with bearish internal/delta, sell towards GAP 7522 and YVAL 7472 both magnets.

Note: If market opens above value and it begins to trade within value, VAR bearish setup comes in play.

Market Movers

09:45 Manufacturing PMI Final
10:00 ISM Manufacturing PMI
10:00 Construction Spending 
11:30 3/6-Month Bill Auction
15:00 Treasury QRA Estimates

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