Outlook 12/22: U.S. stock futures were modestly higher Tuesday, the morning after Congress passed a combined $900 billion in coronavirus relief and a $1.4 trillion government funding package. On the data front, the final reading on third-quarter gross domestic product came to a growth of 33.4% on an annualized basis, compared to 33.1% expected.
/ESH21 Value: YVAH 3691 YPOC 36843 YVAL 3642 GAP 3684.25
/ES Plan: Yesterday market closed balanced, but overnight looks more bullish (PBT 3711), still moving within yesterday's value, so these are the initial balance options for today's opening:
A) If market remains above YPOC 3684 with bullish internals, buy towards ONH 3695 GAP 3711.50 and ATH 3724.
B) If market moves below YPOC 3684 with bearish internals, sell towards HVE 3669 ONL 3663.75 and YVAL 3642.
Note: Remember that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours.
Market Movers
10:00 Consumer Confidence
10:00 Existing Home Sales
10:00 Richmond Fed Mfg.
Questions via @verniman direct message (RTH) or email (After Close).
Follow alerts using TweetDeck. Primary twitter language is English.
No unauthorized reproduction of this service without permission.
