2026-06-01

MES1!

📊 Pre-Market Playbook (PMP) — Monday, June 1, 2026

Welcome to a new month and a new week.

Today's session begins with:

✅ New Monthly Open ✅ New Weekly Open ✅ ISM Manufacturing PMI (Red Folder) at 10:00 AM ✅ Markets sitting at fresh all-time highs ✅ VIX trading near major support

The biggest question today is:

Does price continue the breakout into fresh territory, or do institutions use the first trading day of June to rebalance and retrace into premium inefficiencies?

Transcript reference:

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🔴 Economic News

10:00 AM ET (High Impact)

🔴 ISM Manufacturing PMI

Forecast: 53.3

🟠 ISM Manufacturing Prices

Forecast: 85.3

🟡 Construction Spending

Forecast: 0.3%

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What Matters

Unlike last week, today actually has a true catalyst.

The market will likely spend the first 90 minutes deciding whether:

• ▸Manufacturing remains strong enough to support growth
• ▸Inflation pressures remain elevated
• ▸The Fed narrative changes

Expect:

9:45–10:15 AM

to be the highest volatility window of the day.

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📈 Earnings Watch

This week's market-moving earnings include:

Monday After Close

• ▸SAIC
• ▸Credo Technology (CRDO)
• ▸Hewlett Packard Enterprise (HPE)

Tuesday After Close

• ▸Palo Alto Networks (PANW)
• ▸GitLab (GTLB)
• ▸Ulta Beauty (ULTA)

Wednesday After Close

• ▸Broadcom (AVGO) ⭐
• ▸CrowdStrike (CRWD) ⭐
• ▸C3.ai (AI)
• ▸Five Below (FIVE)

Thursday After Close

• ▸Rubrik (RBRK)
• ▸Lululemon (LULU) ⭐
• ▸DocuSign (DOCU)

Broadcom and CrowdStrike are likely the biggest AI / technology catalysts this week.

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🟣 VIX Analysis

Current Price:

15.79

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Key Levels

Daily High

15.99

Current Low

15.74

Previous Day High

15.88

Previous Week Low

15.22

Yearly Open

14.85

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Weekly Opening Gap

High

15.88

Mid

15.60

Low

15.32

Important:

The Weekly Open Monthly Open Daily Open

are all stacked around:

15.88

That creates a major battle zone.

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Bullish VIX Scenario

If VIX pushes above:

• ▸15.99
• ▸16.29
• ▸16.52

Then equities likely retrace.

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Bearish VIX Scenario

If VIX loses:

• ▸15.60
• ▸15.32
• ▸15.22

Then:

Targets become:

• ▸14.85 (Yearly Open)
• ▸14.75
• ▸14.43

This would support continued equity expansion.

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🔵 MNQ Analysis

Current Price:

30,466

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Key Structure

New Weekly / Monthly Opening Gap

High

30,416.50

Mid

30,401.75

Low

30,386.75

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London Swing Low

30,444

---

Daily Low

30,360.50

---

4H Bullish Fair Value Gap

High

30,274.50

Mid

30,193.50

Low

30,112.50

Inside sits:

Previous Day Low

30,216.25

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New ATH

30,595

Fresh overnight high.

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Bullish Scenario

If ATH breaks:

Target 1

30,750

Target 2

30,900+

This is completely new territory.

No historical resistance exists above.

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Bearish Scenario

If:

30,444 fails

then:

30,360

becomes vulnerable.

Below there:

30,274

30,216

become institutional reaction zones.

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🔴 MES Analysis

Current Price:

7,615

---

New ATH

7,622.50

Your alert triggered exactly where expected:

The market has now reached the:

7,625 Quarter Level

which was discussed Friday as the next objective.

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New Weekly Opening Gap

High

7,594.75

Mid

7,592.50

Low

7,590.50

---

London Swing Low

7,605.75

---

Daily Low

7,585.50

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Additional Swing Lows

7,581.75

7,577.50

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4H Bullish FVG

High

7,575.25

Mid

7,559.75

Low

7,544.00

Inside:

Previous Day Low

7,572.75

4H Bullish Order Block

7,554.75

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Bullish Scenario

Above:

7,622.50

Targets become:

7,650

followed by:

7,675

The market is trading in completely undiscovered territory.

Quarter levels become the best guide.

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Bearish Scenario

Failure below:

7,605.75

opens:

7,594

7,590

7,585

If those fail:

Expect expansion into:

7,575

7,560

7,555

where the institutional 4H imbalance sits.

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🎯 Narrative for Monday

The most important thing on your charts this morning:

MES

✔ New ATH

MNQ

✔ New ATH

VIX

✔ Failed to hold above Weekly Open

That combination still favors:

Buy-side delivery until proven otherwise.

However:

The first trading day of the month often sees:

• ▸Fund rebalancing
• ▸Pension flows
• ▸Institutional repositioning

So don't be surprised by:

Sweep of ATH

➡ Pullback ➡ Continuation

before the true directional move develops.

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Trading Plan

Bullish

Requirements:

• ▸VIX below 15.99
• ▸MES above 7,605
• ▸MNQ above 30,444

Targets:

• ▸MES → 7,650
• ▸MNQ → 30,750

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Bearish

Requirements:

• ▸VIX reclaims 16.00+
• ▸MES loses 7,605
• ▸MNQ loses 30,444

Targets:

• ▸MES → 7,575–7,555
• ▸MNQ → 30,274–30,216

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Key Time Window Today

⭐ 9:45 AM – 10:15 AM ET

With ISM data and the first major economic release of June, this is likely to be the most important trading window of the session.

#staydiscipline #staypatient