Outlook 01/10: U.S. stock index futures are pointing to the first loss in five sessions for Wall Street amid further concerns of a slowdown in the world's second largest economy. China's consumer price index dropped to 1.9%, well below the 3% upper limit set by the PBOC, and producer prices grew at the slowest pace in two years. The latest breakdown in talks over the U.S. government shutdown also weighed on sentiment, with President Trump calling a meeting with Democratic lawmakers last night "a total waste of time."
/ESH19 Value: YVAH 2591 YPOC 2584 YVAL 2580 GAP 2582.25
/ES Plan: Yesterday market closed balanced and overnight is still balanced but moving below previous value, so we've these options:
A) If market remains above YLOD 2569 with bullish internals, become a buyer towards ONH 2581.75 GAP 2582.25 HVE 2586 and PBT 2599.
B) If market starts to move below 2569 with bearish internals, become a seller towards HVE 2562 ONL 2560.50 HVE 2556 and HVE 2539.
Today's Economic Calendar
10:00 Wholesale Trade
10:30 EIA Natural Gas Inventory
12:40 PM Fed's Bullard speech
12:45 PM Jerome Powell speech
01:00 PM Fed's Evans speech
01:00 PM 30-Year Note Auction
01:20 PM Fed's Kashkari speech
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
Questions via @verniman direct message (RTH) or email (After Close).
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