Oil rising

Outlook 09/09: Stock futures fell on Wednesday as rising oil prices continued to rattle investors by stoking fears of higher inflation. Oil prices rose as escalating tensions between the U.S. and Iran fuel concerns over further disruptions to Middle East energy supplies. The 10-year U.S. Treasury yield briefly climbed above the closely watched 4.8% level on Tuesday as rising oil prices added to concerns about inflation. The action in yields further weighed down stocks in the session.

ESU26 (Sep2026): YVAH 7701 YPOC 7697 YVAL 7683 GAP 7679 IVR 81

/ES Plan: Yesterday market closed bearish, and overnight continues on that way, moving well below value/range, so these're the opening and initial balance options for current session:

A) If market moves above HVE 7654 with bullish internal/delta, buy towards GAP 7679 and YPOC 7697 magnets.

B) If market moves below HVE 7654 with bearish internal/delta, sell towards ONL 7644 and HVE 7634 LVN 7615. 

Note: Overnight inventory is bearish. The expected action is a counter-auction. Failure to see the counter-auction would be an indication of potential bearish trend day. Keep in mind when gamma flips negative, below zero, those same hedging flows reverse, adding selling pressure. 

Market Movers

13:00 Apple iPhone Event

13:00 10-Year Note Auction

 

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