MARKET SAVANT

The calendar front-loads the risk. MSFT and META both reported after the close at 01:00 BST, so the index tape opens carrying an overnight repricing that the overnight ranges may not yet reflect — NQ especially, given the constituent weight. OPEC meets at 07:00 BST (blackout 06:55–07:05). The morning then stacks: ADP Employment Change Weekly at 09:15 BST, Goods Trade Balance plus Retail Inventories Ex Auto and Wholesale Inventories at 09:30 BST, Redbook at 09:55 BST, a cluster of House Price Index and S&P/CS HPI Composite prints at 10:00 BST, then CB Consumer Confidence and the Richmond Manufacturing, Shipments and Services readings at 11:00 BST — the densest window of the session. Dallas Fed Services Revenues and the Texas Services Sector Outlook follow at 11:30 BST, Atlanta Fed GDPNow at 13:00 BST, and the 7-Year Note Auction alongside M2 Money Supply at 14:00 BST. API Weekly Crude Oil Stock closes the day at 17:50 BST. Map-reading, instrument by instrument. NQ: acceptance above the ON high 28195 puts PDH 28195 in question above; rejection at 28195 leaves it as resistance, with 27839.25 and PDL 27603.25 below as support; acceptance below the ON low 27839.25 puts PDL 27603.25 in question below; between 27839.25 and 28195, rangebound — the ON extremes are the edges to watch, with the magnets at 28000, 27750 and 28250 as reference. ES: acceptance above the ON high 7474 puts PDH 7485.75 in question above; rejection at 7474 leaves it as resistance, with 7419 and PDL 7417 below as support; acceptance below the ON low 7419 puts PDL 7417 in question below; between 7419 and 7474, rangebound, with 7500 and 7250 as the outer magnets. GC: acceptance above the ON high 4075.6 puts PDH 4075.6 in question above — the two are the same level, so that edge is a single line; rejection at 4075.6 leaves it as resistance, with 4016.5 and PDL 4011.1 below as support; acceptance below the ON low 4016.5 puts PDL 4011.1 in question below; between 4016.5 and 4075.6, rangebound, with 4000, 4250 and 3750 as magnets. Two things to keep in view: the earnings reaction is already in the tape before the first data blackout, and the 11:00 BST cluster is where four releases land at once — the ON extremes above are the levels that either hold or come into question through both.