Outlook 10/09: U.S. equity futures pointed to another gain at Friday's open as investors sought clarity around whether another round of coronavirus economic relief was still possible before next month's election. In a tweet after the market closed, Pelosi's deputy chief of staff also said Mnuchin made clear President Donald Trump's "interest in reaching such an agreement."
/ESZ20 Value: YVAH 3436 YPOC 3429 YVAL 3425 GAP 3437.50
/ES Plan: Yesterday market closed bullish, and overnight continues on that way, moving above yesterday's range, so these are the initial balance options for today's opening:
A) If market remains above LIS HVE 3450 with bullish internals, buy towards ONH 3460 and HVE 3511.
B) If market moves below LIS 3450 with bearish internals, sell towards ONL 3445.25 and GAP 3437.50
Note: Overnight inventory is 100% bullish. The expected action is a counter-auction relative to overnight inventory; failure to see the counter-auction would be an indication of a potential trend day.
Market Movers
10:00 Wholesale Inventories
1:00 PM Baker-Hughes Rig Count
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