Outlook 10/07: U.S. equity futures pointed to a strong gain at Wednesday's open after President Donald Trump late Tuesday prodded Capitol Hill to approve additional coronavirus relief in separate bills. Trump tweeted yesterday afternoon that another COVID relief bill would only go through after the election, sending stocks tumbling.
/ESZ20 Value: YVAH 3420 YPOC 3396 YVAL 3368 GAP 3352.25
/ES Plan: Yesterday market closed bearish but overnight looks more bullish (PBT 3412), moving within yesterday's value, so these are the initial balance options for today's opening:
A) If market moves above LIS HVE 3383 with bullish internals, buy towards ONH 3384.75 HVE 3398 and HVE-SOC 3420.
B) If market moves below LIS HVE 3383 with bearish internals, sell towards HVE 3359 GAP 3352.25 and ONL 3332.25
Market Movers
10:30 EIA Petroleum Inventories
1:00 PM 10-Year Note Auction
1:00 PM Fed's Bostic Speech
1:00 PM Fed's Kashkari Speech
1:00 PM Fed's Rosengren Speech
2:00 PM FOMC Minutes
2:00 PM Fed's Williams Speech
2:15 PM Fed's Kashkari Speech
3:00 PM Fed's Williams Speech
3:00 PM Consumer Credit
4:30 PM Fed's Evans Speech
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