PCE and NVDA

Outlook 08/26: Stock futures slightly lower on Wednesday after the latest personal consumption expenditures price index reading revealed that inflation remains elevated. July’s personal consumption expenditures price index, a monthly report detailing changes in prices of goods and services and the Federal Reserve’s preferred metric of inflation, showed a month-over-month and year-over-year increase of 0.2% and 3.7%, respectively. Both figures were 0.1% above what economists expected. Nvidia is set to report its earnings for the second quarter on Wednesday after the bell. 

ESU26 (Sep2026): YVAH 7695 YPOC 7689 YVAL 7680 GAP 7692 IVR 75

/ES Plan: Yesterday market closed balanced, but overnight, after PCE, turns bearish, moving a few ticks around lower value, so these're the opening and initial balance options for current session:

A) If market moves above YVAL 7680 with bullish internal/delta, buy towards GAP 7692 and YVAH 7695 magnets.

B) If market moves below YVAL 7680 with bearish internal/delta, sell towards ONL 7670 and PBT 7650 magnet.

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

Market Movers

10:30 Crude Oil Inventories

11:45 Fed's Barkin Speaks

13:00 5-Year Note Auction

17:00 Nvidia Earnings

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