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Pre-Market Update — Monday, August 24, 2026

By · Independent market intelligence from Sunday Night Futures LLC

Pre-Market Pulse: Risk-off tilt into the cash open, with tech leading the fade as traders de-risk ahead of Nvidia and Jackson Hole.

Overnight Action

Futures are red across the board. $ES=F trades 7676.75, -0.19%; $NQ=F takes the bigger hit at 29205.75, -0.62%; $YM=F -0.11%; $RTY=F -0.14%. Crude is heavy — $CL=F -1.68% to 85.60 on Iran sanctions positioning, per Reuters. Gold catches a bid, $GC=F +0.74% to 4715.10. Asia closed soft (Nikkei -0.74%, Hang Seng -0.70%), but Europe is firmer with the FTSE +0.66% and DAX +0.57%. Bitcoin $78,751, +2.01% over 24 hours; ETH +2.97%.

Movers Before the Bell

Note: pre-open volumes are thin — outsized quotes can compress or reverse at 9:30.

  • ▸$AMD -1.61% to $465.65 — leading the semi bleed as traders trim chip exposure ahead of $NVDA earnings Wednesday. $NVDA itself is flat at $214.69, coiled.
  • ▸$META +0.29% to $551.49 — Motley Fool flags "two legendary investors" building positions; modest bid on the tape.
  • ▸$AAPL +0.47% to $310.80 — one of the few green mega-caps, providing marginal Dow support.
  • ▸$COIN +0.70% to $188.00 — tracking the crypto complex higher as BTC pushes back above $78K.
  • ▸$GLD +0.99% to $427.57 — safe-haven flow ahead of Warsh's Jackson Hole debut, with Reuters noting "bond market anxiety raises stakes" for the speech.

Quantum names ($IONQ, $RGTI, $QBTS) are in focus after an $863M capital-warning story, though pre-market prints are not in our data.

Still Ahead Today

The tape is squarely focused on two catalysts later this week: $NVDA earnings Wednesday (Aug. 26) — the single biggest event risk for the Nasdaq — and Fed Chair Warsh's Jackson Hole address, with rates desks flagging elevated bond-market sensitivity into the speech. Iran sanctions headlines are also in play for crude and defense names throughout the session.

Game Plan

$SPY last $764.66. Key levels:

  • ▸Resistance: $765.72 (Friday close) — reclaim needed to neutralize the tape
  • ▸Pivot: $764.00 — round-number magnet
  • ▸Support: $761.50, then $758

Trade idea: Fade rips into $765.70 unless breadth confirms; a clean break under $761.50 opens a flush toward $758 with $NVDA de-risking flow accelerating into Wednesday.

Sunday Night Futures — figures reflect data available at publication; see footer disclosures.

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