Outlook 03/02: U.S. stock futures moved slightly lower early Tuesday after starting March with a broad rally. Shaking off the late February rough patch, the SP500 on Monday gained 2.4% for its biggest one-day advance since June. Covid vaccine optimism and the 10-year Treasury yield off its one-year high spurred stocks.
/ESH21 Value: YVAH 3912 YPOC 3897 YVAL 3869 GAP 3899.50
/ES Plan: Yesterday market closed bullish, but overnight looks more balanced, moving within yesterday's value, so these are the initial balance options for today:
A) If market remains above LIS HVE 3889 with bullish internals, buy towards ONH 3906.50 GAP 3926 and HVE 3937.
B) If market moves below LIS HVE 3889 with bearish internals, sell towards HVE 3878 ONL 3866.25 and HVE 3821.
Note: Keep in mind that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours.
Market Movers
1:00 PM Fed's Brainard Speech
2:00 PM Fed's Daly Speech
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