Neutral Day

Outlook 08/25: U.S. stock futures point to a neutral open, one day after the SP500 and Nasdaq record highs. Jackson Hole symposium kicks off on Thursday, where central bankers will potentially provide updates on their plan around tapering monetary stimulus. The Federal Reserve has been purchasing at least $120 billion of bonds per month to curb longer-term interest rates and jumpstart economic growth as the pandemic wreaked havoc on the economy. Chairman Jerome Powell is slated to make remarks on Friday.

/ESU21: YVAH 4486 YPOC 4483 YVAL 4481 GAP 4481.50

/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving within yesterday's value, so these're the opening and initial balance options for today:

A) If market moves above YVAH 4486 with bullish internals, buy towards  ATH 4492 and PBT 4500.

B) If market remains below 4486 with bearish internals, sell towards HVE 4478-4465 and GAP 4434.

Note: Remember that record high has been printed overnight, so it's still pending to be revisited at regular trading hours.

Market Movers

10:30 Crude Oil Inventories

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)