ES Pre-Open Brief — Friday, 11 September 2026
Generated Fri 11 Sept, 14:20 WEST · E-mini S&P 500 (ES1!) · Levels from delayed CME feed; completed session & higher-timeframe ranges are final.
Technicals — Key Levels
Last: 7666.00
| Timeframe | High | Low |
|---|---|---|
| Weekly (developing) | 7728.50 | 7585.50 |
| Weekly (prior) | 7766.50 | 7618.50 |
| Daily (prior) | 7666.25 | 7585.50 |
| 4H (last completed) | 7647.75 | 7622.50 |
| Asia (01:00–05:00 Lisbon time) | 7616.25 | 7594.25 |
| London (07:00–10:00 Lisbon time) | 7644.25 | 7622.50 |
Map for the session: ES last printed 7666, holding above both the London high (7644.25) and Asia high (7616.25), so overnight demand has been accepted higher into the New York open. Price remains inside Friday’s developing daily range (7594.25–7683.5), with the 4H high (7683.5) capping the same shelf as the daily high — a confluence worth watching on any push higher. The broader weekly range (7585.5–7728.5) still has room on both sides, so today’s CPI print is the swing factor that decides whether 7683.5 breaks or holds as resistance.
Fundamentals
- August CPI lands at 8:30 AM ET — the last major inflation read before next week’s FOMC decision (Sept 16), and the single biggest catalyst for today’s session.
- Fed speakers are in the pre-FOMC quiet period (through Sept 17), so no scheduled commentary to offset the data surprise either way.
- Oracle’s fiscal Q1 beat (cloud infrastructure revenue +121%, FY27 guidance raised to $90B+) is lifting tech sentiment into the open and supporting index futures.
- Crude oil stays a live wildcard on elevated Middle East tension; a firmer energy tape is the main channel by which today’s CPI could run hotter than expected.
Bias
Higher-timeframe bias stays constructively long as ES holds above the weekly midpoint and both Asian/London session highs, with dip-buying still the path of least resistance into a data-heavy morning. The decision level is 7683.5 — the shared daily/4H high: acceptance above opens a run toward the weekly high at 7728.5, while a CPI-driven rejection there puts the daily low (7594.25) and Asia low (7594.25 confluence) back in play. A soft CPI print that keeps the Fed on track for a September cut is the bullish scenario; a hot print revives rate-hike risk and would flip the session bias defensive fast. Educational analysis only — not financial advice.
Analysis for educational purposes; not financial advice.