Day-Trading Scenarios for Aug 11, 2026

Choppy trading near the highs is the current theme.

Indicators (daily/near-term): Mixed-to-cautious. Some sources flag short-term overbought residual from the prior week or mild bearish bias on oscillators after the consolidation. RSI has cooled from elevated levels. Volume on the Aug 10 session was not extreme. Trend remains up on higher timeframes (above rising MAs), but momentum has flattened—classic pre-event chop.
Tactics: Favor range trades or mean-reversion within the overnight/prior day range early. Breakout confirmation (volume + hold) needed for directional bias. Use tight stops given potential for oil-driven spikes. Avoid heavy overnight holds into Wednesday’s CPI.

Immediate drivers: Oil/Hormuz geopolitics remain the live risk. Higher crude supports energy names in the Dow but raises inflation fears, which can pressure rate-sensitive parts of the index and overall multiples. Soft July payrolls had tilted expectations toward a more dovish Fed path; a hot CPI could reverse that.
Economic calendar:
- Today (Tue Aug 11): NFIB Small Business Optimism, Existing Home Sales, 3-year note auction. Secondary importance.
- Wednesday Aug 12: July CPI (consensus ~+0.1% m/m headline, +0.2% core; YoY ~3.4%) — the week’s main event. PPI follows Thursday.

Next support zone is 54062. Then much stronger support 53958.

Market needs to break above 54170 to see next goal of 54300.

NFIB Small Business Optimism Index

6:00 AM ET

Existing Home Sales

10:00 AM ET

Treasury Buyback Announcement

11:00 AM ET

4-Week Bill Announcement

11:00 AM ET

8-Week Bill Announcement

11:00 AM ET

4-Month Bill Announcement

11:00 AM ET

6-Week Bill Auction

11:30 AM ET

3-Yr Note Auction

1:00 PM ET

Treasury Buyback Results

2:00 PM ET

<<<<<<<<<<<<<<<<<<<<<<<<<<<

DATE: 8/11/2026

TIME: 9:18 AM

HIGH: 54170

LOW: 53952

CLOSE: 54063

PIVOT: 54062

SUPPORT: 53814

RESISTANCE: 54300

SWING MAGNITUDE: 199

TIME OF COMMENT: 9:18 AM

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