Futures dip slightly after concerning macro signals from China

US stocks dip slightly in overnight futures session after long weekend holiday and “hawkish skip” from FOMC last week, while China's rate cut action continues to reduce optimism about the macro economy.

Video analysis of macro and OpEx impact on the market next week:

SPX call wall pushed up to 4500 while QQQ call wall stays at 370. SPX gamma flip continues at 4400 and continues to determine the general bias this week.