Another 1-Day Wonder?

Good Wednesday Morning, MPTraders!  September 3, 2025-- Pre-Market Update: Was yesterday's early weakness followed by a powerful rally another 1-Day Wonder within the confines of the dominant uptrend? 

Yesterday's "long-tailed" upside candle suggests the answer is, Yes (see my attached Daily Chart of ES). In addition-- and perhaps more importantly from a technical perspective-- the rally from yesterday's low at 6371.75 to this AM's pre-market high at 6460.25 (+1.4%) exhibits bullish form, which, if accurate, means that the current rally should have legs, and also that weakness is a buying opportunity UNLESS yesterday's low at 6371.75 is violated (see my dotted line projected price paths on my attached 4-hour chart). 

Overlaid on the technical setup is our "data dependency" today, tomorrow, into Friday AM's pre-market release of the August Jobs Report...

This AM, at 10 AM ET-- JOLTS, Factor Orders... 1 PM ET-- Beige Book... Thursday-- Challenger Job Cuts... Balance of Trade... Initial Jobless Claims... Quarterly Productivity and Labor Costs... ISM Services PMI... Fed Balance Sheet.... Friday-- Non-farm Payrolls expected 75,000 versus 73,000 in July... Unemployment Rate 4.3% vs. 4.2% in July... 

Last in ES is 6449.75...