Bye Bye Q1

Outlook 03/29: U.S. index futures are neutral on the final day of trading for the week, the month, and the first quarter of 2018. Heading into the final trading day of the quarter, the SP500 is down 2.5% for the year.

/ESM8 Value: YVAH 2618 YPOC 2612 YVAL 2603

/ES Plan: Yesterday market closed balanced and overnight shows a bullish profile (GBT 2631), moving within Yesterday's value, so today's options are:

A) If market remains above LIS 2615 with bullish internals, be a buyer leaning on 2615-16 towards ONH 2620 and LVN 2640. 'Look below and fail' is a signal of strength.

B) If market starts to move below LIS 2615 with bearish internals, become a seller leaning on 2615-14 towards GAP 2608 and ONL 2601. 'Look above and fail' is a signal of weakness.

Tips: Line in the Sand (LIS) refers to a key level that shows who could be in control above/below that level, it works as a bull/bear line. More on Glossary.

Today's Economic Calendar

09:45 Bloomberg Consumer Comfort Index
09:45 Chicago PMI
10:00 Consumer Sentiment
10:30 EIA Natural Gas Inventory
01:00 PM Fed's Harker: Economic Outlook
01:00 PM Baker-Hughes Rig Count

Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.

Questions? Just ask via email or twitter @verniman direct message.