Dip Buyers

Outlook 09/21: U.S. stock futures rebounded after Monday's tumble with embattled developer China Evergrande Group on the brink of default. The dip-buyers who stepped in during the last hour of Wall Street trading yesterday are back again today, pushing stocks higher around the world. The Federal Reserve begins a two-day meeting Tuesday and investors are worried the central bank will signal it’s ready to start pulling away monetary stimulus amid surging inflation and improvement in the job market. 

/ESZ21: YVAH 4369 YPOC 4354 YVAL 4324 GAP 4340

/ES Plan: Last session 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 remains above YVAH 4369 with bullish internals, buy towards HVE 4385 ONH 4395.75 HVE 4406 and GAP 4415.

B) If market moves below HVE 4363 with bearish internals, sell towards ONL 4341 GAP 4340 YVAL 4324 and HVE 4313.

Note: Market opens above previous value area and it's a clearly bullish signal. But, if market begins to trade within value with volume increasing, 'Value Area Rule (VAR)' comes into play. 

Market Movers

FOMC meeting begins

1:00 PM 20-Year Bond Auction

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