Friday OPEX

Outlook 08/21: Stock futures rise on Friday as investors tried to find their footing following a steep sell-off driven by rising Treasury yields. Gold futures climbed to a three-month high Friday on a soft dollar as investors weighed the Treasury’s liquidity move to double bond buybacks for 10- to 30-year government debt. Longer-dated U.S. government bond yields steadied on Friday. Yields on the 30-year U.S. Treasury note, the primary focus of the buyback plan, was flat at 5.2371%. The 10-year U.S. Treasury yield, the key benchmark for mortgages, auto loans and credit card debt, was largely unchanged at 4.6882%. 

ESU26 (Sep2026): YVAH 7720 YPOC 7698 YVAL 7674 GAP 7661

/ES Plan: Yesterday market closed bearish, but overnight turns bullish, moving within value, so these're the opening and initial balance options for current session:

A) If market moves above YPOC 7698 with bullish internal/delta, buy towards GAP 7728 magnet YHOD 7746 and GAP 7767 magnet.

B) If market moves below YPOC 7698 with bearish internal/delta, sell towards YVAL 7674 PBT 7650 magnet and GAP 7632 magnet.

Note:  It's OPEX day, which refers to the monthly expiration of stock options. The event can lead to higher volatility and more trading volumes, with high-frequency traders trying to take advantage for quick arbitrages. 

Market Movers

09:45 PMI Services

13:00 Baker Hughes Oil Rig Count

16:00 Monthly OPEX

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