Day-Trading Scenarios for Mar 4, 2026

Powerful reversal on the 10:30 trade yesterday.

The daily downtrend is not over. Just adds choppiness to the market. Don't get in trouble today by giving back great gains of yesterday.

We are looking to buy pullbacks of at least 175 points.

Previous Day Recap (March 3, 2026) – YM E-mini Dow Futures (March 2026 contract): The session was highly volatile and risk-off driven by escalating Middle East tensions (U.S./Israel-Iran conflict, threats to the Strait of Hormuz, and surging oil prices).

Overall market tone is attempting a cautious stabilization/recovery on the ADP beat and de-escalation hopes, but remains sensitive to any fresh Mideast developments, oil moves, or weak services readings. Stronger data could temper aggressive rate-cut expectations; any renewed geopolitical escalation would quickly flip sentiment risk-off. Broader context includes ongoing tariff/trade monitoring and AI/tech rotation effects.

MBA Mortgage Applications

 7:00 AM ET

ADP Employment Report

 8:15 AM ET

PMI Composite Final

 9:45 AM ET

ISM Services Index

 10:00 AM ET

EIA Petroleum Status Report

 10:30 AM ET

Treasury Buyback Announcement

 11:00 AM ET

Treasury Buyback Announcement (Preliminary)

 11:00 AM ET

4-Month Bill Auction

 11:30 AM ET

Beige Book

 2:00 PM ET

Treasury Buyback Results

 2:00 PM ET

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DATE: 3/4/2026

TIME: 9:27 AM

HIGH: 48935

LOW: 47681

CLOSE: 48560

PIVOT: 48392

SUPPORT: 48221

RESISTANCE: 48986

SWING MAGNITUDE: 259

TIME OF COMMENT: 9:27 AM

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