Day-Trading Scenarios for Jun 12, 2026

We had one banker's flush trade long already before the open.

Our job today is a couple more longs on pullbacks then be done for the week.

The cash Dow Jones Industrial Average closed sharply higher at 50,848.75, up 929.97 points (+1.86%). This represented a strong rebound from the previous day's heavy losses.

• Session action: Markets rallied on a relief bounce, with strength in industrials, financials, and select cyclicals. Chip/tech stocks also rebounded, aiding broader sentiment. Positive developments around U.S.-Iran relations (Trump signaling a potential deal and canceling planned strikes) helped ease geopolitical fears, supporting risk assets and pressuring oil prices lower.

• Futures (YM) reflected the upside, trading in a firm range and closing with solid gains amid the de-escalation headlines.

• Broader context: This followed the sharp selloff on Wednesday tied to CPI and ongoing tensions.

• Major catalyst: University of Michigan Consumer Sentiment (Preliminary) at 10:00 AM ET, along with inflation expectations. Expectations around 46.0 (prior 44.8). A stronger read could support consumer/health of the economy narrative; weaker might highlight caution amid geopolitics and inflation.

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• Geopolitics: Focus remains on U.S.-Iran developments. Any progress toward a deal or de-escalation could extend the relief rally; renewed tensions or oil spikes would pressure sentiment.

Consumer Sentiment

 10:00 AM ET

Baker Hughes Rig Count

 1:00 PM ET

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DATE: 6/12/2026

TIME: 9:25 AM

HIGH: 51017

LOW: 49758

CLOSE: 50875

PIVOT: 50550

SUPPORT: 50783

RESISTANCE: 51576

SWING MAGNITUDE: 255

TIME OF COMMENT: 9:25 AM

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