Outlook 09/15: U.S. stock futures bounced overnight, some bullish economic news released before the bell helped stabilize markets a bit. Markets have been in a funk so far this month amid rising investor worries about the delta variant derailing the economic recovery, along with hand-wringing over the next action by Federal Reserve. September has historically been a down month, and after eight months of straight gains, strategists say a major pullback could be imminent.
/ESZ21: YVAH 4455 YPOC 4452 YVAL 4428 GAP 4437.75
/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 HVE 4446 with bullish internals, buy towards YVAH 4455 and HVEs 4464-4478.
B) If market moves below HVE 4446 with bearish internals, sell towards GAP 4437.75 and YVAL 4428.
Note: Keep in mind that we're on the rollover week. Pace of the roll 95%. Remember that record high has been printed overnight, so it's still pending to be revisited at regular trading hours.
Market Movers
9:15 Industrial Production
10:00 Atlanta Fed's Business Inflation Expectations
10:30 EIA Petroleum Inventories
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