Tariffs on hold

Outlook 05/21: The U.S. trade war with China is "on hold" after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.

/ESM8 Value: YVAH 2717 YPOC 2714 YVAL 2713

/ES Plan: On Friday market closed balanced and overnight continues on that balance, moving above Friday's value, so we've these options:

A) If market remains above YHOD 2727 with bullish internals, be a buyer leaning on 2727-25 towards ONH 2736.26 and PBTs 2740-2748. 'Look below and fail' is a bullish signal.

B) If market starts to move below YHOD 2727 with bearish internals, become a seller leaning on 2727-25 towards ONL 2724.25 and YVAH 2717. 'Look above and fail' is a bearish signal.

Today's Economic Calendar

12:15 PM Fed's Bostic Speech
02:15 PM Fed's Harker Speech

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

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