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Day-Trading Scenarios for Jul 01, 2026

Range is decreasing and today is a narrow range day, so we look for a break out.




Sentiment is mixed-to-cautious heading into the new month and a shortened week (Independence Day holiday on Friday). Key drivers:

  • Geopolitics (US-Iran): Indirect/diplomatic activity continues in Doha via mediators (Qatar), with US envoys present but no confirmed direct high-level US-Iran meeting. Iran emphasizes conditions and its interests in the Strait of Hormuz. The fragile stand-down holds for now, supporting lower oil prices and reduced tail risk, but ongoing uncertainty adds a layer of caution.

  • Economy/Data: Today’s focus includes ADP Employment, ISM Manufacturing PMI, and other releases. Markets are pricing resilient but not overheating data amid sticky inflation backdrop. Quarter-end flows and positioning from last week’s rebound (Dow records) may lead to profit-taking or consolidation.


We should be prepared to take a break out trade.

Sell short stops below 52460.


Short on Weakness (Preferred Today): Sell rallies toward 52,600-52,700 if rejected (weak volume or soft data). Target 52,300-52,400 (200-400 points). Stop above recent highs. Rationale: Premarket softness, potential consolidation/profit-taking, and data-driven moves.


Challenger Job-Cut Report

 5:30 AM ET


MBA Mortgage Applications

 7:00 AM ET


ADP Employment Report

 8:15 AM ET


Jobless Claims

 8:30 AM ET


Kevin Warsh Speaks

 9:00 AM ET


PMI Manufacturing Final

 9:45 AM ET


ISM Manufacturing Index

 10:00 AM ET


Construction Spending

 10:00 AM ET


EIA Petroleum Status Report

 10:30 AM ET


Treasury Buyback Announcement

 11:00 AM ET


4-Month Bill Auction

 11:30 AM ET


Treasury Buyback Results

 2:00 PM ET


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

DATE: 7/1/2026

TIME: 9:18 AM

HIGH: 52763

LOW: 52383

CLOSE: 52670

PIVOT: 52605

SUPPORT: 52361

RESISTANCE: 52810

SWING MAGNITUDE: 223

TIME OF COMMENT: 9:18 AM

COMMENT: For today's real-time trading calls enjoy a One Week Trial at https://www.eminiace.com/services

 
 
 

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