Outlook 12/30: U.S. stock futures are pointing to bullish open after $600 stimulus payments already started going out last night, according to Treasury Secretary Mnuchin, and if Congress approves the increase to $2,000, it will be added to the original sum. $600 IS NOT ENOUGH!" President Trump tweeted after Mitch McConnell blocked an attempt from Senate Democrats to approve larger stimulus checks.
/ESH21 Value: YVAH 3733 YPOC 3721 YVAL 3716 GAP 3724.50
/ES Plan: Last session market closed balanced, and overnight continues on that way, moving within yesterday's value, so these are the initial balance options for today:
A) If market moves above LIS YVAH 3733 with bullish internals, buy towards new ONH 3738.25 HVE 3740 and ATH-ON 3747.75.
B) If market remains below LIS YVAH 3733 with bearish internals, sell towards HVE-GAP 3724.50 HVE-ONL 3716 and HVE 3701.
Note: Remember that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours.
Market Movers
9:45 Chicago PMI
10:00 Pending Home Sales
10:00 State Street Investor Confidence Index
10:30 EIA Petroleum Inventories
11:00 Survey of Business Uncertainty
3:00 PM Farm Prices
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