Day after rally

Outlook 08/05: Stock futures printed new record high after rally. Markets jumped Tuesday, lifted by solid earnings and comments from Treasury Secretary Scott Bessent that the U.S. and Iran could be closing in on a deal to reopen the Strait of Hormuz. The SP500 rose 1.8% to close above 7,700 for the first time. Private companies added 44,000 jobs in July, a slowdown from the 95,000 the prior month and below market expectations. ADP report comes two days before the Bureau of Labor Statistics releases its official nonfarm payrolls report.

ESU26 (Sep2026): YVAH 7785 YPOC 7774 YVAL 7700 GAP 7774

/ES Plan: Yesterday market closed bullish (PBT 7890), and overnight continues on that way, moving above value/range, so these're the opening and initial balance options for current session:

A) If market remains above YHOD-YVAH 7785 with bullish internal/delta, buy towards ATH-ON 7805 and PBT 7890 magnet.

B) If market moves below YHOD-YVAH 7785 with bearish internal/delta, sell towards GAP 7774 and YVAL 7700 magnets.

Note:  If market opens above value and it begins to trade within value, VAR setup comes in play. Remember that a new record high has been printed overnight, so it's still pending to be revisited at regular hours. 

Market Movers

09:45 Services PMI 
10:00 ISM Services
10:30 Crude Oil Inventories
16:05 Fed's Cook Speaks
16:05 eBay Q2 Earnings

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