{"id":18447,"date":"2026-04-07T17:19:48","date_gmt":"2026-04-07T21:19:48","guid":{"rendered":"https:\/\/optimusfutures.com\/blog\/?p=18447"},"modified":"2026-04-07T17:19:50","modified_gmt":"2026-04-07T21:19:50","slug":"what-es-futures-tell-you-before-market-opens","status":"publish","type":"post","link":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/","title":{"rendered":"What Do ES Futures Tell You Before the Market Opens? (A Guide for Stock Traders)"},"content":{"rendered":"\n<p>Many stock traders and investors start the day the same way: before the opening bell, they check futures to get a sense of where the market may be headed. If a financial TV channel says \u201cS&amp;P futures are up 0.4%,\u201d that usually sounds bullish. If, on the otehr hand, futures are down sharply, they brace for a weaker open.<\/p>\n\n\n\n<p><strong>But the market has a way of humbling simple readings like that.<\/strong><\/p>\n\n\n\n<p>What does that number actually tell you?<\/p>\n\n\n\n<p>For those who focus mainly on stocks and ETFs, ES futures can feel both familiar and mysterious. You may know they are tied to the S&amp;P 500, but you might not exactly know why futures move overnight, how reliable the opening numbers are, or what you\u2019re supposed to do with that information.<\/p>\n\n\n\n<p>The data holds quite a lot because ES futures trade nearly around the clock. By the time the stock market opens at 9:30 a.m. ET, futures traders around the world have already spent hours reacting to economic data, overseas markets, earnings releases, and breaking news.<\/p>\n\n\n\n<p>For stock traders, ES futures are more than just background noise. <strong>They offer an early read on sentimen<\/strong>t, reveal where pressure is building, and provide useful context before your first trade. Platforms such as <strong>Optimus Web<\/strong> and <strong>Optimus Flow<\/strong> make that overnight activity easier to visualize, especially when you want to see how the market got from yesterday\u2019s close to this morning\u2019s setup.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-es-futures-and-how-do-they-relate-to-the-stock-market\">What are ES futures, and how do they relate to the stock market?<\/h2>\n\n\n\n<p><strong>ES futures are contracts that track the S&amp;P 500 index and trade nearly 24 hours a day.&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>So, by the time the bell rings, part of the story has already been told. That\u2019s the assumption.<\/strong><\/p>\n\n\n\n<p>Traders use the ES to gauge where the stock market may head<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">, even\u00a0<em>before<\/em>\u00a0U.S. exchanges open for<\/span> trading. Think of ES as the tradable version of the S&amp;P 500 that keeps moving even when the stock market is closed, unlike its ETF equivalent, SPY.<\/p>\n\n\n\n<p>While everyone\u2019s getting ready for the opening bell, traders are responding to <strong>the overnight verdict that has already formed, like a market proposition that U.S. traders will either accept or reject.<\/strong><\/p>\n\n\n\n<p>From a bigger picture perspective, market participants in Europe and Asia have adjusted their positions in anticipation of the U.S. trading sessions. The SPY is about to open, but the ES is already moving.<\/p>\n\n\n\n<p>Here is a simple comparison:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Features<\/strong><\/td><td><strong>ES&nbsp;<\/strong><\/td><td><strong>SPY<\/strong><\/td><\/tr><tr><td>What it tracks<\/td><td>S&amp;P 500<\/td><td>S&amp;P 500<\/td><\/tr><tr><td>Where it trades<\/td><td>Futures exchange<\/td><td>Stock exchange<\/td><\/tr><tr><td>Trading hours<\/td><td>Nearly 24 hours<\/td><td>Regular and extended stocks hours<\/td><\/tr><tr><td>Common use<\/td><td>Speculation, hedging, price discovery<\/td><td>Short to long-term trading\/investing<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-read-also-futures-vs-stocks\"><strong>READ ALSO | <a href=\"https:\/\/optimusfutures.com\/blog\/futures-vs-stocks\/\">Futures VS Stocks<\/a><\/strong><\/h2>\n\n\n\n<p>You\u2019re probably wondering\u2014what is <strong>price discovery<\/strong>?&nbsp;<\/p>\n\n\n\n<p><strong>Here\u2019s something important to note: <\/strong>ES futures often become the market\u2019s first place to react when something happens outside regular stock market hours.&nbsp;<\/p>\n\n\n\n<p>That\u2019s why many traders look at ES before they place trades in any asset that\u2019s correlated to the broader market (and to a certain degree, that\u2019s nearly all commonly-traded assets).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-do-es-futures-move-overnight-when-the-stock-market-is-closed\">Why do ES futures move overnight when the stock market is closed?<\/h2>\n\n\n\n<p><strong>The S&amp;P 500 is arguably one of the most important benchmarks in the world. The ES can easily be influenced by global markets and macroeconomic news. Furthermore, institutional trading continues even while the U.S. equities markets are closed.<\/strong><\/p>\n\n\n\n<p>ES futures trade on the <strong>Globex session<\/strong>, which runs almost continuously from Sunday evening through Friday afternoon, with only brief daily pauses.<\/p>\n\n\n\n<p>So if something important happens at 2 a.m., 5 a.m., or 8:30 a.m., if a major economic report comes out before the opening bell, if Europe sells off sharply, or if geopolitical headlines change the risk outlook, you\u2019re likely to see a reaction in the ES.<\/p>\n\n\n\n<p>Here are a few common reasons why overnight moves happen:<\/p>\n\n\n\n<p><strong>1 &#8211; Global markets are open<\/strong><\/p>\n\n\n\n<p>When Asian and European markets begin trading, central bank comments and other geopolitical developments often spill over into U.S. index futures if U.S. markets are correlated with those international markets. <em>For example, if the DAX sells off hard, ES rarely ignores it<\/em>.<\/p>\n\n\n\n<p><strong>2 &#8211; Economic data often hits before 9:30 a.m.<\/strong><\/p>\n\n\n\n<p>Reports such as CPI, nonfarm payrolls, PPI, GDP, and retail sales often come out before the stock market opens. Futures traders do not wait for the bell. <em>They begin pricing in the news immediately<\/em>.<\/p>\n\n\n\n<p><strong>3 &#8211; Institutions use futures to adjust exposure.<\/strong><\/p>\n\n\n\n<p>Large funds, hedge funds, and macro traders use ES futures because they are fast and liquid. If they want to reduce risk or add exposure before the stock market opens, futures are often the most efficient way to do it. <em>So, guess which asset gets bought or sold first? The ES is the quickest way to move size.<\/em><\/p>\n\n\n\n<p><strong>4 &#8211; Earnings and company-specific news can affect the index.<\/strong><\/p>\n\n\n\n<p>If a large company such as Apple, Microsoft, or NVIDIA reports earnings or issues guidance before the open, that can move ES futures because those stocks carry significant weight in the index. <em>The index almost always moves with the largest names.<\/em><\/p>\n\n\n\n<p><strong>In other words, by the time a stock trader sits down at 9:00 a.m., the global reaction has already attempted to price in the current developments using the ES futures.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Upload-this-1024x559.png\" alt=\"\" class=\"wp-image-18453\" srcset=\"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Upload-this-1024x559.png 1024w, https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Upload-this-300x164.png 300w, https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Upload-this-768x419.png 768w, https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Upload-this-1536x838.png 1536w, https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Upload-this-2048x1117.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><em>Caption: An overnight ES chart can show where sentiment changed before the U.S. open, often in response to overseas market action or pre-market news.<\/em><\/p>\n\n\n\n<p>See for yourself: using <strong>Optimus Web <\/strong>or <strong>Optimus Flow<\/strong>, you can often see when the move started, whether it happened all at once or in stages, and whether the market is holding those gains or losses into the open. For stock traders, this can provide extremely useful context before trading SPY, QQQ, or individual large-cap names.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-do-es-futures-always-predict-where-stocks-will-open\">Do ES futures always predict where stocks will open?<\/h2>\n\n\n\n<p><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"><strong>ES futures often provide a strong\u00a0<\/strong><em><strong>indication\u00a0<\/strong><\/em><strong>of where stocks will open, but they do not always\u00a0<\/strong><em><strong>predict\u00a0<\/strong><\/em><strong>the exact opening direction.<\/strong><\/span>\u00a0<\/p>\n\n\n\n<p>However, it does give you the advantage to prepare for different scenarios based on the current market sentiment.<\/p>\n\n\n\n<p>If the ES futures are up several points before the open, pay attention. The broader market sentiment may be exceedingly bullish. If they are down sharply, a bearish follow-through may occur. What you\u2019re seeing is likely the global and\/or institutional \u201cpricing in\u201d of the broader market based on currently-known information.<\/p>\n\n\n\n<p>Nevertheless, the ES is not a predictor.<\/p>\n\n\n\n<p>There are times when ES futures point one way before the bell, only for stocks to reverse and move in the other direction. Sometimes the market opens in line with futures, and then the stocks move sideways. Other times, futures hold up overnight, but a fresh headline right before <span>[9:30]<\/span> changes the tone and sets the market in a different direction.<\/p>\n\n\n\n<p>So watch out for a few common things that can cause the ES and stock market opening to disconnect:<\/p>\n\n\n\n<p><strong>1 &#8211; A major report hits right before the open.<\/strong><\/p>\n\n\n\n<p>An 8:30 a.m. data release can reprice the market in mere seconds. If you looked at futures at, say, 7:00 a.m., your read on the market may already be outdated.<\/p>\n\n\n\n<p><strong>2 &#8211; An important company reports earnings.<\/strong><\/p>\n\n\n\n<p>A giant company can move index sentiment quickly, especially if it is heavily weighted in the S&amp;P 500 or Nasdaq. Futures may adjust, but stock-specific reactions can create more complexity at the open.<\/p>\n\n\n\n<p><strong>3 &#8211; Liquidity can change near the bell.<\/strong><\/p>\n\n\n\n<p>Overnight futures trading can be thinner than regular trading hours. A price move that looks important at 4:30 a.m. may not hold up once volume increases due to a larger percentage of market participants.<\/p>\n\n\n\n<p><strong>4 &#8211; Opening imbalances can change the first few minutes.<\/strong><\/p>\n\n\n\n<p>The stock market has its own mechanics. Even if the ES does a good job anticipating the direction, the exact opening print and the first 5\u201315 minutes can be super volatile and noisy.<\/p>\n\n\n\n<p>So the practical answer is this: the <strong>ES will give you context. It allows you to plan your trade. But it won\u2019t predict the direction of the broader market. <\/strong>Instead, it\u2019ll help you understand where the market is <em>leaning<\/em>, but that\u2019s all (yet, that\u2019s plenty.<\/p>\n\n\n\n<p>For stock traders, that distinction matters. A strong ES move before the open should make you <em>pay attention<\/em>, not assume the outcome is <em>locked in<\/em>.&nbsp;<\/p>\n\n\n\n<p><strong>Pro Tip: <\/strong>It\u2019s smart to combine futures price action with other technical and fundamental information before the <span>[9:30]<\/span> open approaches.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-causes-a-big-move-in-es-futures-right-before-9-30-a-m\">What causes a big move in ES futures right before 9:30 a.m.?<\/h2>\n\n\n\n<p>News and reports (your short answer). Large moves before the open are usually driven by major economic data, Federal Reserve news, earnings from influential companies, or global risk events.&nbsp;<\/p>\n\n\n\n<p><strong>Pro tip: <\/strong>You can anticipate these volatile reactions by looking at an <strong>economic or earnings calendar<\/strong>.<\/p>\n\n\n\n<p>When ES makes a big move before 9:30 a.m., it\u2019s usually because traders are reacting to something that changes expectations quickly. Sometimes that \u201csomething\u201d is obvious, like a CPI surprise or a strong jobs report. Other times, it is a combination of factors building overnight.<\/p>\n\n\n\n<p>Here are some of the more common drivers:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-economic-reports\"><strong>Economic reports<\/strong><\/h3>\n\n\n\n<p>Some of the most important economic data releases arrive before the <span>[9:30]<\/span> open. Think: inflation reports, jobs data, retail sales, and GDP revisions. All can move the ES sharply. All reflect an angle on <em>expectations for growth, interest rates, and overall risk appetite<\/em>.<\/p>\n\n\n\n<p>For example, if CPI or PPI\u00a0 inflation comes in hotter than expected, traders may assume the Federal Reserve will stay tighter for longer. Even the smallest signal can cause markets to fluctuate, exerting downward pressure on equities before the open. If the data is cooler than expected, futures may jump on hopes of a more accommodative policy.<\/p>\n\n\n\n<p>When there\u2019s consensus, the market moves in a straight line. When there isn\u2019t, it chops.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-federal-reserve-headlines\"><strong>Federal Reserve headlines<\/strong><\/h3>\n\n\n\n<p>Fed speeches and comments, if done before the bell as is the case when they\u2019re delivered in a different country and time zone, can shift rate expectations, moving markets quickly.&nbsp;<\/p>\n\n\n\n<p>A single comment from a Fed official can change how traders interpret monetary policy\u2014even when no decision is scheduled.<\/p>\n\n\n\n<p><strong>The market listens closely. Sometimes too closely. And sometimes, what\u2019s \u201csaid\u201d will be interpreted differently from one trader to another.<\/strong><\/p>\n\n\n\n<p>Nevertheless, by the time investors notice the move in the index, futures have usually reacted first.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-earnings-from-large-cap-companies\"><strong>Earnings from large-cap companies<\/strong><\/h3>\n\n\n\n<p>A single company won\u2019t move the entire market. A large one can.<\/p>\n\n\n\n<p>When Apple, Microsoft, Amazon, Meta, or NVIDIA surprises, ES reacts quickly.<\/p>\n\n\n\n<p><strong>The weight of the name often does the work.<\/strong><\/p>\n\n\n\n<p>So, if you trade tech-heavy stocks or index ETFs, earnings really matter. A sharp move in ES or NQ at 7:00 a.m. usually means sentiment has already shifted before the bell. Time to pay attention.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-geopolitical-or-macro-risk\"><strong>Geopolitical or macro risk<\/strong><\/h3>\n\n\n\n<p>Wars, energy shocks, political instability, sanctions, and other global developments can all move futures overnight. Many traders don\u2019t always watch this. Still, they see the effect it has on the ES.&nbsp;<\/p>\n\n\n\n<p>With that said, it\u2019s important to be aware of the geopolitical environment when making trading or investing decisions. Don\u2019t get caught on something you could\u2019ve anticipated had you paid attention.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1024\" height=\"558\" src=\"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/overnight-globex.jpg\" alt=\"\" class=\"wp-image-18456\" srcset=\"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/overnight-globex.jpg 1024w, https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/overnight-globex-300x163.jpg 300w, https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/overnight-globex-768x419.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><em>Caption: A sharp pre-market move in ES futures often reflects traders repricing the broader market in response to economic news, Fed commentary, or earnings from major companies.<\/em><\/p>\n\n\n\n<p>The key point is this: It\u2019s not enough to see the move. You need to understand what caused it. A move driven by broad participation tends to hold. One driven by a narrow or uncertain catalyst often doesn\u2019t. Know the difference!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-do-professional-traders-use-es-futures-before-the-open\">How do professional traders use ES futures before the open?<\/h2>\n\n\n\n<p><strong>Professionals use ES futures before the open to identify key price levels and prepare a trading plan for the first part of the session.<\/strong><\/p>\n\n\n\n<p>This is where the ES becomes a practical tool, and not just an informational one. Before the opening bell, many traders are not looking for an abstract prediction. They\u2019re trying to figure out <strong><em>what kind of market is likely to open at <span>[9:30]<\/span><\/em><\/strong>.\u00a0<\/p>\n\n\n\n<p>More importantly, they\u2019re trying to figure out where the <strong>key levels<\/strong> are.<\/p>\n\n\n\n<p>A common pre-market approach includes examining the overnight range, the direction and quality of the move, and support and resistance levels. Traders will also assess momentum and breadth\u2014whether either are strengthening or fading.<\/p>\n\n\n\n<p><strong>Remember: It\u2019s not one signal. It\u2019s the alignment of several.<\/strong><\/p>\n\n\n\n<p>Take a look at other assets and economic factors, such as Nasdaq futures, Treasury yields, major economic headlines, or reactions in heavily weighted stocks.\u00a0<\/p>\n\n\n\n<p>On a platform such as <strong>Optimus Flow<\/strong> or <strong>Optimus Web<\/strong>, that can mean watching charts, key levels, and time-based reactions before the opening bell.<\/p>\n\n\n\n<p>Here\u2019s an example of a pre-open workflow that a trader might use:<\/p>\n\n\n\n<p>1 &#8211; Check the larger trend of the ES and assess it against the larger economic fundamentals.<\/p>\n\n\n\n<p>2 &#8211; Check the economic calendar to see if any reports are to be released.<\/p>\n\n\n\n<p>3 &#8211; Drill down to the S&amp;P sectors.<\/p>\n\n\n\n<p>4 &#8211; Check overall breadth using an assortment of breadth and sentiment indicators.<\/p>\n\n\n\n<p>5 &#8211; Look at past price action to determine where key support and resistance are located.<\/p>\n\n\n\n<p>6 &#8211; Finally, drill down to the stocks or ETFs you intend to trade.<\/p>\n\n\n\n<p>This is just one example of the kind of workflow you might consider using when engaging the markets.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Gemini_Generated_Image_gyb7fogyb7fogyb7-1024x559.png\" alt=\"actual pre-market setup\" class=\"wp-image-18450\" srcset=\"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Gemini_Generated_Image_gyb7fogyb7fogyb7-1024x559.png 1024w, https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Gemini_Generated_Image_gyb7fogyb7fogyb7-300x164.png 300w, https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Gemini_Generated_Image_gyb7fogyb7fogyb7-768x419.png 768w, https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Gemini_Generated_Image_gyb7fogyb7fogyb7-1536x838.png 1536w, https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Gemini_Generated_Image_gyb7fogyb7fogyb7-2048x1117.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><em>Caption: A pre-market futures setup can help traders identify the overnight range, key price levels, and ESis behavior as the opening bell approaches.<\/em><\/p>\n\n\n\n<p>The takeaway is simple: you don\u2019t have to trade futures to benefit from using them as a reference point or benchmark. Even a basic pre-market routine built around ES can improve your read on the opening environment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-can-stock-traders-use-es-futures-to-improve-their-timing\">Can stock traders use ES futures to improve their timing?<\/h2>\n\n\n\n<p><strong>The ES can help, but not in the way many traders think. It won\u2019t predict opening direction, but it\u2019ll tell you the tone of the market. And that\u2019s key to creating your setup and timing your trades.<\/strong><\/p>\n\n\n\n<p>At best, the ES can help you avoid trading blindly into a market context. Setup and timing are more fragile if you don\u2019t know what\u2019s going on around you.&nbsp;<\/p>\n\n\n\n<p>Let\u2019s go over a couple of ways to do this.<\/p>\n\n\n\n<p>The simplest way to use ES is to compare where it closed the previous session to where it is before the market open. If there was substantial movement, is it holding those gains or losses? Either would suggest market sentiment heading into the session, whether it\u2019s overall bullish or bearish.<\/p>\n\n\n\n<p>Another useful tool is the <strong>overnight range<\/strong>. The overnight high and low often become important reference points once regular trading begins. The range gives you key support and resistance levels. Here you can anticipate breakouts.<\/p>\n\n\n\n<p>If the market breaks above the overnight high and holds, that can suggest strength. If it breaks below the overnight low, that can suggest pressure is building.<\/p>\n\n\n\n<p>You can also use ES to add context to trades in SPY, sector ETFs, and highly correlated large-cap stocks. For example, if you are considering a long trade in a big tech name, it helps to know whether ES and NQ are both supporting the broader market tone, or whether the stock is potentially moving against the grain.<\/p>\n\n\n\n<p>This is where charting platforms become useful. <strong>Optimus Flow <\/strong>and <strong>Optimus Web <\/strong>can help you visualize key pre-market levels, overnight structure, and futures behavior as the open approaches. That does not replace a stock trader\u2019s own setup, but it can provide a broader market framework.<\/p>\n\n\n\n<p>Here\u2019s a practical way to think about it: <strong>ES futures help you read the room before the room fills up<\/strong>. You still need a trade plan, but the futures market can tell you whether the opening environment looks calm, nervous, strong, or unstable.<\/p>\n\n\n\n<p><em>If you want to practice reading futures without jumping straight into a live account, a free demo can be a useful next step for getting comfortable with how ES moves before the bell.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\">FAQs<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1774899936944\"><strong class=\"schema-faq-question\"><strong>What time do ES futures start trading?<\/strong><\/strong> <p class=\"schema-faq-answer\">ES futures begin trading on Sunday at 6:00 p.m. Eastern Time (ET) and continue almost around the clock through Friday at 5:00 p.m. ET, with only brief daily pauses.\u00a0The market, in that sense, never really goes quiet\u2014it simply slows.<br><br>That schedule also allows traders to react to events as they happen, not just when the stock market is open. By 9:30 a.m., a good portion of the reaction has already taken place. That\u2019s why many look to ES first when trying to understand the tone of the coming session.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1774899967583\"><strong class=\"schema-faq-question\"><strong>What moves ES futures overnight?<\/strong><\/strong> <p class=\"schema-faq-answer\">Almost everything that matters, economically. It can be daunting if you\u2019ve ever seen a list of global economic releases at once. It\u2019s a huge list.<br><br>Breaking it down a bit, global markets, economic reports, earnings, Federal Reserve commentary, geopolitical developments\u2014all of it feeds into futures trading while stocks are closed. Because ES is open, it becomes the first place that reaction appears.<br><br><strong>By morning, the market had already begun to express a view. The opening bell doesn\u2019t start the story\u2014it continues it.<\/strong><\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1774900091317\"><strong class=\"schema-faq-question\"><strong>What does it mean when ES futures are up before the market opens?<\/strong><\/strong> <p class=\"schema-faq-answer\">When ES is up before the open, it usually suggests that traders are leaning bullish. The move is often tied to something that happened overnight\u2014stronger global markets, favorable data, or a shift in expectations.<br><br><strong>But it\u2019s only a read, not a result<\/strong>. The market can agree with that view, or it can change its mind once regular trading begins. Always be ready for either, not just one or the other.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1774900119959\"><strong class=\"schema-faq-question\"><strong>Do ES futures generally predict the direction of the stock market?<\/strong><\/strong> <p class=\"schema-faq-answer\">No. They point, but they don\u2019t promise. Futures often give a useful early signal, but again, the picture can change quickly near the bell.\u00a0 All it takes is a new headline, an earnings surprise, or simply the surge of volume at the open as bulls and bears pile in. All of this can alter the direction.<br><br>It\u2019s better to think of ES as a \u201cproposition.\u201d The outcome still has to be negotiated and decided.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1774900149087\"><strong class=\"schema-faq-question\"><strong>Why do ES futures sometimes drop right at the <span>[9:30]<\/span> open?<\/strong><\/strong> <p class=\"schema-faq-answer\">Because the open is a different market with different traders and different opinions. Overnight, trading can be thinner and more selective. At <span>[9:30]<\/span>, participation expands\u2014institutions step in, orders are matched, and imbalances could potentially be resolved. What looked stable at 7:00 a.m. is suddenly tested.<br><br>Some moves hold under that pressure. Others don\u2019t. The open is where the market makes that distinction.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1774900177101\"><strong class=\"schema-faq-question\"><strong>What is the difference between ES futures and SPY?<\/strong><\/strong> <p class=\"schema-faq-answer\">Both track the S&amp;P 500, but they behave differently. ES trades nearly around the clock. It reacts to global flows and overnight developments. SPY, on the other hand, trades during stock market hours and fits more naturally into a traditional equity workflow.<br><br>Futures tend to lead overnight. ETFs will either follow or reject its movements. Each has its place, but ultimately, they are not used the same way.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1774900204904\"><strong class=\"schema-faq-question\"><strong>How do I read ES futures as a stock trader?<\/strong><\/strong> <p class=\"schema-faq-answer\">Start with a simple comparison: where did ES close, and where is it now?<br>If the market has moved overnight, the next question is whether it\u2019s holding. Moves that hold tend to carry more weight; those that fade are often less reliable.<br><br>Key levels matter as well. The overnight high and low often act as early reference points once trading begins. <em>Watch for breakouts above these levels.<\/em><br><br>Again, you\u2019re not trying to predict the open. You\u2019re trying to understand the environment you\u2019re walking into. Is the \u201croom\u201d full of bulls or bears? Do I run with the crowd or go against it? This is what you should be asking yourself.<\/p> <\/div> <\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-bottom-line\">The bottom line<\/h2>\n\n\n\n<p>ES futures matter before 9:30 a.m. because the market doesn\u2019t wait for the opening bell. It has already been reacting\u2014quietly at times, aggressively at others\u2014to global markets, economic data, earnings, and risk events that unfold while most stock traders are off the clock.<\/p>\n\n\n\n<p>By morning, that reaction is no longer hidden. It\u2019s visible in price.&nbsp;<\/p>\n\n\n\n<p>The ES tells you the global market\u2019s opinion. Still, futures are not a crystal ball.&nbsp;<\/p>\n\n\n\n<p>They don\u2019t tell you what will happen\u2014they tell you what the market has already begun to consider; like the market\u2019s proposition.<\/p>\n\n\n\n<p>Look at where ES is trading relative to the prior close, how it behaved overnight, and whether it is holding key levels into the open. It all points to one thing, and thing only: the kind of environment you\u2019re about to step into.<\/p>\n\n\n\n<p>Sometimes the message is clear. Sometimes it can be downright confusing.<\/p>\n\n\n\n<p>If you\u2019re trading index ETFs or large-cap stocks, that distinction matters. ES won\u2019t make the decision for you, but it will tell you whether the ground is steady, shaky, or shifting beneath your feet.<\/p>\n\n\n\n<p>And like anything in markets, familiarity changes everything. The more you watch how ES behaves before the bell, the less those early numbers feel like signals, and the more they read like context.<\/p>\n\n\n\n<p>Platforms like <strong><a href=\"https:\/\/optimusfutures.com\/OptimusFlow.php\">Optimus Flow<\/a><\/strong> make that process easier to follow, especially when you want to see how the move developed overnight and where the important levels are forming. And if you\u2019re not yet comfortable reading futures in real time, a demo account is a practical place to begin\u2014before capital is involved, and while the lessons are still inexpensive.<\/p>\n\n\n\n<p>So, what does this all mean? Monitor ES futures and make it part of your daily workflow. The more you observe, the more the market starts to make sense. And the stronger your angle for making smart decisions.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>Risk Disclosure:<\/strong> Futures trading involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You should carefully consider whether trading is appropriate for you in light of your financial condition, experience, and risk tolerance.<\/p>\n\n\n\n<div style=\"background:#0d1e35;border-radius:8px;padding:48px 40px;text-align:center;font-family:Arial,sans-serif;border-top:4px solid #4aab45;\">\n  <p style=\"color:#4aab45;font-size:12px;letter-spacing:3px;text-transform:uppercase;margin:0 0 16px;font-weight:600;\">Start Trading Futures<\/p>\n  <h3 style=\"color:#ffffff;font-size:28px;font-weight:700;margin:0 0 12px;line-height:1.3;\">Ready to put what you&#8217;ve learned into action?<\/h3>\n  <p style=\"color:#8fa3bf;font-size:15px;margin:0 0 32px;line-height:1.6;max-width:520px;display:inline-block;\">Open a live account with Optimus Futures and access professional-grade platforms, real-time data, and dedicated support from day one.<\/p>\n  <br>\n  <a href=\"https:\/\/optimusfutures.com\/Futures-Commodities-Trading-Account.php\" style=\"display:inline-block;background:#1e3a78;color:#ffffff;font-size:15px;font-weight:700;padding:16px 40px;border-radius:6px;text-decoration:none;letter-spacing:0.5px;\">Get Started \u2192<\/a>\n  <p style=\"color:#3d5a7a;font-size:12px;margin:20px 0 0;\">Futures trading involves substantial risk of loss and is not suitable for all investors.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Many stock traders and investors start the day the same way: before the opening bell, they check futures to get a sense of where the market may be headed. If a financial TV channel says \u201cS&amp;P futures are up 0.4%,\u201d that usually sounds bullish. If, on the otehr hand, futures are down sharply, they brace [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18458,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-18447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-tips-and-strategies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Do ES Futures Tell You Before the Market Opens?<\/title>\n<meta name=\"description\" content=\"Learn what do ES futures tell you before the market opens. 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Discover how to read overnight sentiment and institutional moves.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/\" \/>\n<meta property=\"og:site_name\" content=\"The Trading Blog - Optimus Futures\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OptimusFutures\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-07T21:19:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-07T21:19:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Gemini_Generated_Image_8un2ih8un2ih8un2-1024x559.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"559\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Optimus Futures\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@optimusfutures\" \/>\n<meta name=\"twitter:site\" content=\"@optimusfutures\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Optimus Futures\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"17 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/\"},\"author\":{\"name\":\"Optimus Futures\",\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/#\\\/schema\\\/person\\\/f5eb05e3fc424a12fef6b0b8e65aa123\"},\"headline\":\"What Do ES Futures Tell You Before the Market Opens? 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Because ES is open, it becomes the first place that reaction appears.<br><br><strong>By morning, the market had already begun to express a view. The opening bell doesn\u2019t start the story\u2014it continues it.<\\\/strong>\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#faq-question-1774900091317\",\"position\":3,\"url\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#faq-question-1774900091317\",\"name\":\"What does it mean when ES futures are up before the market opens?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"When ES is up before the open, it usually suggests that traders are leaning bullish. The move is often tied to something that happened overnight\u2014stronger global markets, favorable data, or a shift in expectations.<br><br><strong>But it\u2019s only a read, not a result<\\\/strong>. The market can agree with that view, or it can change its mind once regular trading begins. Always be ready for either, not just one or the other.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#faq-question-1774900119959\",\"position\":4,\"url\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#faq-question-1774900119959\",\"name\":\"Do ES futures generally predict the direction of the stock market?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. They point, but they don\u2019t promise. Futures often give a useful early signal, but again, the picture can change quickly near the bell.\u00a0 All it takes is a new headline, an earnings surprise, or simply the surge of volume at the open as bulls and bears pile in. All of this can alter the direction.<br><br>It\u2019s better to think of ES as a \u201cproposition.\u201d The outcome still has to be negotiated and decided.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#faq-question-1774900149087\",\"position\":5,\"url\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#faq-question-1774900149087\",\"name\":\"Why do ES futures sometimes drop right at the 9:30 open?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Because the open is a different market with different traders and different opinions. Overnight, trading can be thinner and more selective. At 9:30, participation expands\u2014institutions step in, orders are matched, and imbalances could potentially be resolved. What looked stable at 7:00 a.m. is suddenly tested.<br><br>Some moves hold under that pressure. Others don\u2019t. The open is where the market makes that distinction.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#faq-question-1774900177101\",\"position\":6,\"url\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#faq-question-1774900177101\",\"name\":\"What is the difference between ES futures and SPY?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Both track the S&amp;P 500, but they behave differently. ES trades nearly around the clock. It reacts to global flows and overnight developments. SPY, on the other hand, trades during stock market hours and fits more naturally into a traditional equity workflow.<br><br>Futures tend to lead overnight. ETFs will either follow or reject its movements. Each has its place, but ultimately, they are not used the same way.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#faq-question-1774900204904\",\"position\":7,\"url\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/what-es-futures-tell-you-before-market-opens\\\/#faq-question-1774900204904\",\"name\":\"How do I read ES futures as a stock trader?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Start with a simple comparison: where did ES close, and where is it now?<br>If the market has moved overnight, the next question is whether it\u2019s holding. Moves that hold tend to carry more weight; those that fade are often less reliable.<br><br>Key levels matter as well. The overnight high and low often act as early reference points once trading begins. <em>Watch for breakouts above these levels.<\\\/em><br><br>Again, you\u2019re not trying to predict the open. You\u2019re trying to understand the environment you\u2019re walking into. Is the \u201croom\u201d full of bulls or bears? Do I run with the crowd or go against it? This is what you should be asking yourself.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What Do ES Futures Tell You Before the Market Opens?","description":"Learn what do ES futures tell you before the market opens. 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By 9:30 a.m., a good portion of the reaction has already taken place. That\u2019s why many look to ES first when trying to understand the tone of the coming session.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774899967583","position":2,"url":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774899967583","name":"What moves ES futures overnight?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Almost everything that matters, economically. It can be daunting if you\u2019ve ever seen a list of global economic releases at once. It\u2019s a huge list.<br><br>Breaking it down a bit, global markets, economic reports, earnings, Federal Reserve commentary, geopolitical developments\u2014all of it feeds into futures trading while stocks are closed. Because ES is open, it becomes the first place that reaction appears.<br><br><strong>By morning, the market had already begun to express a view. The opening bell doesn\u2019t start the story\u2014it continues it.<\/strong>","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774900091317","position":3,"url":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774900091317","name":"What does it mean when ES futures are up before the market opens?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"When ES is up before the open, it usually suggests that traders are leaning bullish. The move is often tied to something that happened overnight\u2014stronger global markets, favorable data, or a shift in expectations.<br><br><strong>But it\u2019s only a read, not a result<\/strong>. The market can agree with that view, or it can change its mind once regular trading begins. Always be ready for either, not just one or the other.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774900119959","position":4,"url":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774900119959","name":"Do ES futures generally predict the direction of the stock market?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No. They point, but they don\u2019t promise. Futures often give a useful early signal, but again, the picture can change quickly near the bell.\u00a0 All it takes is a new headline, an earnings surprise, or simply the surge of volume at the open as bulls and bears pile in. All of this can alter the direction.<br><br>It\u2019s better to think of ES as a \u201cproposition.\u201d The outcome still has to be negotiated and decided.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774900149087","position":5,"url":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774900149087","name":"Why do ES futures sometimes drop right at the 9:30 open?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Because the open is a different market with different traders and different opinions. Overnight, trading can be thinner and more selective. At 9:30, participation expands\u2014institutions step in, orders are matched, and imbalances could potentially be resolved. What looked stable at 7:00 a.m. is suddenly tested.<br><br>Some moves hold under that pressure. Others don\u2019t. The open is where the market makes that distinction.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774900177101","position":6,"url":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774900177101","name":"What is the difference between ES futures and SPY?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Both track the S&amp;P 500, but they behave differently. ES trades nearly around the clock. It reacts to global flows and overnight developments. SPY, on the other hand, trades during stock market hours and fits more naturally into a traditional equity workflow.<br><br>Futures tend to lead overnight. ETFs will either follow or reject its movements. Each has its place, but ultimately, they are not used the same way.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774900204904","position":7,"url":"https:\/\/optimusfutures.com\/blog\/what-es-futures-tell-you-before-market-opens\/#faq-question-1774900204904","name":"How do I read ES futures as a stock trader?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Start with a simple comparison: where did ES close, and where is it now?<br>If the market has moved overnight, the next question is whether it\u2019s holding. Moves that hold tend to carry more weight; those that fade are often less reliable.<br><br>Key levels matter as well. The overnight high and low often act as early reference points once trading begins. <em>Watch for breakouts above these levels.<\/em><br><br>Again, you\u2019re not trying to predict the open. You\u2019re trying to understand the environment you\u2019re walking into. Is the \u201croom\u201d full of bulls or bears? Do I run with the crowd or go against it? This is what you should be asking yourself.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"featured_image_src":"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Gemini_Generated_Image_8un2ih8un2ih8un2-600x400.png","featured_image_src_square":"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Gemini_Generated_Image_8un2ih8un2ih8un2-600x600.png","author_info":{"display_name":"Optimus Futures","author_link":"https:\/\/optimusfutures.com\/blog\/author\/admin\/"},"jetpack_featured_media_url":"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2026\/03\/Gemini_Generated_Image_8un2ih8un2ih8un2-scaled.png","_links":{"self":[{"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/posts\/18447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/comments?post=18447"}],"version-history":[{"count":5,"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/posts\/18447\/revisions"}],"predecessor-version":[{"id":18466,"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/posts\/18447\/revisions\/18466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/media\/18458"}],"wp:attachment":[{"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/media?parent=18447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/categories?post=18447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/optimusfutures.com\/blog\/wp-json\/wp\/v2\/tags?post=18447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}