Outlook 12/11: U.S. stock futures pointed to a lower open, as sentiment followed European equities into the red amid talks about a disruptive Brexit. If an agreement can't be struck this weekend, both sides are preparing for significant border disruption affecting trade worth close to $900B a year. U.S. coronavirus relief talks also faced fresh setbacks, with Senate Republicans suggesting they couldn't accept some aspects of a $900B bipartisan proposal despite rising U.S. unemployment claims.
/ESZ20 Value: YVAH 3675 YPOC 3670 YVAL 3662 GAP 3663
/ES Plan: Yesterday market closed balanced, but overnight looks more bearish, moving below yesterday's value, so these are the initial balance options for today's opening:
A) If market remains below LIS HVE 3638 with bearish internals (PBT 3600), sell towards ONL 3620.75 HVE 3619 and PBT 3600.
B) If market moves above LIS HVE 3638 with bullish internals, buy towards ONH 3667 GAP 3663 HVE 3669 and PBT 3696.
Note: Rollover Day. I'll start quoting new /ESH21 after the Opening Bell. Usually rollover days show big divergences between Stocks vs. Futures, so setups that usually work, may fail completely.
Market Movers
10:00 Consumer Sentiment
12:40 PM Fed's Quarles Speech
1:00 PM Baker-Hughes Rig Count
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