Less fear

Outlook 07/08: Stock futures are little changed as investors look to recover from from a steep Monday sell-off after President Donald Trump pushed the tariff deadline once again and signaled flexibility on that timing as well with countries willing to negotiate. Trump late Monday said the new Aug. 1 tariff deadline is “not 100% firm,” adding that “If they call up and they say something a different way, we’re going to be open to that.” His comments came after he posted letters to countries announcing new tariffs on their respective imports. However, some traders no longer forecast the latest U.S. tariffs to be as strict as initially feared, with many expecting that the worst from the trade war has now passed.

ESU25 (SEP2025): YVAH 6295 YPOC 6270 YVAL 6260 GAP 6270

/ES Plan: Yesterday market closed bearish (PBT 6220), but overnight action looks bullish (PBT 6311), still moving within previous value, so these're the opening and initial balance options for current session:

A) If market moves above ONH 6289 with bullish internals/delta, buy towards YVAH 6295 YHOD 6315 and GAP 6323 PBT 6355 magnets.

B) If market moves below ONH 6289 with bearish internals/delta, sell towards GAP 6270 magnet YVAL 6260 and GAP 6220 magnet.

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. 

Market Movers

11:00 ET NY Fed Inflation Expectations
11:00 ET Trump White House Press Pool
13:00 ET US 3-Year Notes Auction

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