Rally resumes

 Outlook 11/13: U.S. stock futures are in the green this morning, climbing nearly 1% ahead of the open. Many are still weighing the impacts of surging COVID-19 cases and a vaccine rollout against hopes of turning the corner on the pandemic and expectations that pro-business policies will remain after last week's U.S. elections. Initial claims for jobless benefits also declined to 709,000 last week from 757,000 a week earlier, but are still well above levels of about 200,000 seen before the coronavirus hit this spring.

/ESZ20 Value: YVAH 3565 POC 3555 YVAL 3527 GAP 3538.75

/ES Plan: Yesterday market closed bullish (PBT 3596), and overnight continues on that way, moving  within yesterday's value, so these are the initial balance options for today's opening:

A) If market moves above LIS YPOC 3555 with bullish internals, buy towards YVAH 3565 ONH 3569 and HVE 3589.

B) If market moves below LIS YPOC 3555 with bearish internals, sell towards GAP 3538.75 YVAL 3527 and ONL 3518.

Note: Market opens within previous value area. Trading from responsive versus initiative is expected, so don't be 'too anxious' to trade early.

Market Movers

10:00 Consumer Sentiment
10:30 EIA Natural Gas Inventory
1:00 PM Baker-Hughes Rig Count

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