Outlook 03/31: U.S. stock futures point to a higher open, after ADP expanded in March at the fastest pace since September 2020 as anticipation of a strong economic rebound coupled with vaccination rates pushed companies to hire. Firms added 517,000 jobs, a healthy spike from the 176,000 in Feb.
/ESM21: YVAH 3952 YPOC 3946 YVAL 3941 GAP 3949.75
/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving above yesterday's value, so these are the initial balance options for today:
A) If market remains above LIS YVAH 3952 with bullish internals, buy towards ONH 3957.75 GAP 3964.25 and ATH 3978.50
B) If market moves below LIS YVAH 3952 with bearish internals, sell towards GAP 3949.75 YVAL-ONL 3941.50 and HVE 3935.
Note: Market opens above previous value area and if it remains above value, it is a clearly bullish signal. But, if market begins to trade within value with volume increasing, 'Value Area Rule (VAR)' comes into play.
Market Movers
9:45 Chicago PMI
10:00 Pending Home Sales
10:00 State Street Investor Confidence Index
10:30 EIA Petroleum Inventories
10:45 Fed's Bostic Speech
3:00 PM Farm Prices
Follow updates using TweetDeck. Primary twitter language is English.
Follow the market news and listen to the order flow via FinancialJuice.
Questions via twitter direct message (RTH) or email (After Close).
