Outlook 12/28: U.S. stock futures are pointing to bullish open after a $900B COVID-19 relief bill has finally been signed by President Trump that will avert a government shutdown and extend economic relief to millions of Americans. The decision caps days of uncertainty and confusion in Washington, and markets are celebrating once again. While the House is planning to vote on such a measure today, Senate Leader McConnell made no mention of plans to consider the legislation, though he's likely to address the matter when Senate returns on Tuesday.
/ESH21 Value: YVAH 3692 YPOC 3690 YVAL 3685 GAP 3692.75
/ES Plan: Last session market closed balanced, but overnight has printed a new record high, so these are the initial balance options for today:
A) If market remains above LIS-HVE 3716 with bullish internals, buy towards new ATH-ON 3726.50 and PBT 3738.
B) If market moves below HVE 3716 with bearish internals, sell towards HVE 3702 GAPs 3692- 3678 and ONL 3676.
Note: Remember that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours.
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