Outlook 01/06: U.S. stock futures remain steady after Georgia Senate runoff elections. Big Tech appears to be getting nervous about possible legislation, with Nasdaq futures off by 1.8%, though the potential of a big fiscal boost saw contracts and the SP500 remain steady. Knee-jerk reactions are typical following any election, but the key to actual price movement will depend on the final results and how subsequent lawmaking will play out.
/ESH21 Value: YVAH 3716 YPOC 3703 YVAL 3685 GAP 3715.75
/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving within previous value, so these are the initial balance options for today:
A) If market moves above LIS HVE 3700 with bullish internals, buy towards GAP 3715.75 HVE 3724 ONH 3734.75 and HVE 3753.
B) If market moves below LIS HVE 3700 with bearish internals, sell towards ONL 3685.50 HVEs 3674-3656-3635-3619 and PBT 3608.
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 PMI Composite Final
10:00 Factory Orders
10:30 EIA Petroleum Inventories
2:00 PM FOMC Minutes
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