ES (SPX) Futures Analyses for tomorrow Sep 12

Overnight
Expect balance 6586–6596 with a modest bullish tilt. If ON accepts >6596.5, drift toward 6603–6606 is likely before NY.

Tomorrow (NY session)
Base case: Early range, then acceptance >6596.5 (close + clean retest) → expansion to 6606 → 6612 → 6616–6619 (HTF extension band).
Failure path: Rejection at 6596–6600 and acceptance <6586 → rotate 6581 → 6577; deeper only if 6577 fails (then 6566/6556).

Fundamentals (times ET)
10:00 — Univ. of Michigan Consumer Sentiment (Prelim, Sep). This is the only major macro print on deck; expect a 2–5m whipsaw around the release, then directional follow-through after displacement.
Today’s context: CPI (Aug) came in +0.4% m/m, +2.9% y/y; Core +0.3% m/m, +3.1% y/y, and Initial Jobless Claims rose to 263k (week ending Sep 6). Together: inflation still sticky but labor softening—into tomorrow this supports “range→up unless 6586 breaks.”