Outlook 04/23: U.S. stock index futures point to a firm open as the likes of Twitter, Coca-Cola and Harley-Davidson climbed in pre-market trading following release of their earnings. Traders will also be focused on the U.S. economy, as first-quarter gross domestic product data is due Friday. Meanwhile, worries over Brexit rumble on in the background, and trade spats between the world’s top economies remain unresolved.
/ESM19 Value: YVAH 2911 YPOC 2909 YVAL 2904 GAP 2912.75
/ES Plan: Yesterday market closed bullish but overnight looks more balanced, moving above Yesterday's value, so we've these options:
A) If market remains above LIS HVE 2913 with bullish internals, buy towards ONH 2916.75 HVEs 2918-2924 and HVE 2936.
B) If market starts to move below 2913 with bearish internals, sell towards ONL 2908 HVE 2907 YVAL 2904 and HVE 2898.
Quotes: “Trade the market in front of you, not the one you want!”
Today's Economic Calendar
10:00 New Home Sales
10:00 Richmond Fed Mfg.
01:00 PM 2-Year Note Auction
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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Glossary of terms
