Outlook 01/21: U.S. stock futures are pointing to another positive open this morning after the major averages ended the session higher on Wednesday following Joe Biden's inauguration in Washington. Shares were buoyed by hopes of his mega stimulus plan, all but forgetting the once prominent fears of regulation and corporate taxes that followed his election in November.
/ESH21 Value: YVAH 3853 YPOC 3844 YVAL 3824 GAP 3844.50
/ES Plan: Yesterday market closed bullish (PBT 3900), but overnight looks more balanced, moving within previous value, so these are the initial balance options for today:
A) If market remains above LIS YPOC 3844 with bullish internals, buy towards ONH 3859.75 and PBT 3900.
B) If market moves below LIS YPOC 3844 with bearish internals, sell towards ONL 3840.75 and YVAL 3824.
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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