Shortened week

Outlook 09/08: Stock futures fall to start shortened week as oil prices climb. Crude prices have surged in the past month as the U.S.-Iran war continues, putting upward pressure on Treasury yields as traders grow worried that elevated energy prices will drive inflation higher. The benchmark 10-year Treasury note yield last week climbed to its highest level since November 2023, while the shorter-term 2-year note yield scaled to a January 2025 high. The Fed is due to hold a monetary policy meeting next week. Traders are pricing in a 60% chance the central bank will hike rates by a quarter-percentage point after the meeting. Those odds could change this week with wholesale and consumer inflation data due Thursday and Friday, respectively. 

ESU26 (Sep2026): YVAH 7735 YPOC 7720 YVAL 7712 GAP 7718 IVR 78

/ES Plan: Last session market closed bearish (PBT 7677), and reopening continues on that way, moving within value, so these're the opening and initial balance options for current session:

A) If market moves above YVAL 7712 with bullish internal/delta, buy towards YVAH-HVE 7735-7737 and GAP 7753 magnet.

B) If market moves below YVAL 7712 with bearish internal/delta, sell towards GAP 7680 and PBT 7677 both magnets.

Note: Market opens inside value. Don't be 'too anxious'. Stay patient. You don’t have to be the first. Bad trades occur when you try to force things to happen. Today's first day of a shortened week so it's like Mondays, quiet and choppy sessions. Many traders want to take their time analyzing the market, and usually, there are few economic releases.

Market Movers

11:30 3-6 Month Bill Auction

13:00 3-Year Note High Yield

14:35 Trump Speaks

15:00 Consumer Credit

 

Follow news and listen to order flow at FinancialJuice.

Follow Twitter updates using TweetDeck old version.

Questions via private twitter direct message (RTH)