Outlook 12/23: U.S. stock futures are pointing a higher open, after they had been lower for much of the evening and overnight period. The reversal followed President Donald Trump's surprising attack on the coronavirus stimulus bill after months of negotiations. Jobless claims rose less than expected last week as employers weighed a wintertime spike in Covid-19 cases against expected relief from a pending $900 billion stimulus package, according to a Labor Department report.
/ESH21 Value: YVAH 3687 YPOC 3679 YVAL 3676 GAP 3676.25
/ES Plan: Yesterday market closed balanced, but overnight looks more bullish (PBT 3720), moving above yesterday's value, so these are the initial balance options for today's opening:
A) If market remains above YVAH 3687 with bullish internals, buy towards ONH 3690.75 HVE 3702 GAP 3711.50 and ATH 3724.
B) If market moves below YVAH 3687 with bearish internals, sell towards GAP-YVAL 3676 HVEs 3669-3656 and ONL 3651.
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 New Home Sales
10:00 Consumer Sentiment
10:30 EIA Petroleum Inventories
11:30 2-Year FRN Auction
12:00 PM EIA Natural Gas Inventory
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