Outlook 04/19: U.S. stock futures dip after a week of gains as earnings topped estimates and strong data lifted the major averages. Bank shares were lower in early Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in pre-market trading.
/ESM21: YVAH 4179 YPOC 4171 YVAL 4168 GAP 4172.75
/ES Plan: Last session market closed balanced, and overnight continues on that way, moving a few ticks below Friday's value, so these are the initial balance options for today:
A) If market moves above LIS YVAL 4168 with bullish internals, buy towards YVAH 4179 ATH 4183.50 and PBT 4201.
B) If market moves below LIS YVAL 4168 with bearish internals, sell towards ONL 416.75 HVE 4160 and YLOD 4154.
Note: If market opens below previous value area and if it remains below value, it is a clearly bearish signal. But, if market begins to trade within value with volume increasing, 'Value Area Rule (VAR)' comes into play.
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