Waiting CPI

Outlook 08/11: Stock futures are slightly higher on Tuesday as investors weighed signs of progress toward reopening the Strait of Hormuz against lingering doubts that the U.S. and Iran can reach a broader resolution to the conflict. Investors will next turn to a key batch of inflation data, with the July consumer price report due Wednesday and the producer price index out Thursday. The readings could prove particularly important after a weak jobs report complicated the Fed’s outlook. The inflation reports could put the Fed in a difficult position. Higher oil prices are renewing concerns about price pressures just as the sharp slowdown in hiring raises questions about the strength of consumer spending and the broader economy.

ESU26 (Sep2026): YVAH 7785 YPOC 7775 YVAL 7771 GAP 7775

/ES Plan: Yesterday market closed balanced, but overnight looks bullish (PBT 7809), moving above value, so these're the opening and initial balance options for current session:

A) If market remains above YVAH 7785 with bullish internal/delta, buy towards PBT 7809 ATH 7820 and PBT 7827 all magnets.

B) If market moves below YVAH 7785 with bearish internal/delta, sell towards GAP 7775 YVAL 7771 and GAP 7737 all magnets.

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

Market Movers

10:00 Existing Home Sales
11:00 NY Fed Credit Report
12:00 Fed's Goolsbee Speaks
12:00 EIA STEO Report
13:00 3-Year Note High Yield

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