Outlook 09/13: U.S. stock futures point to bullish open, bouncing after five straight sessions of losses. Covid cases appear to be trending lower in the U.S. The negative impact of the delta variant on the cyclical trade is clear. It's increasingly evident that the impact of delta has delayed any Federal Reserve attempt at tapering, just as it has given fresh momentum to the big tech stocks with growth outperforming value so far this quarter.
/ESZ21: YVAH 4499 YPOC 4475 YVAL 4464 GAP 4452
/ES Plan: Last session market closed bearish, but overnight looks more bullish (PBT 4499), still moving within Friday's value, so these're the opening and initial balance options for today:
A) If market remains above HVE 4478 with bullish internals, buy towards YVAH-HVE 4499 and HVE 4511.
B) If market moves below HVE 4478 with bearish internals, sell towards YVAL-HVE 4464 and GAP 4452.
Note: Keep in mind that we're on the rollover week. Pace of the roll 50% so I'm quoting ESZ21. Remember that record high has been printed overnight, so it's still pending to be revisited at regular trading hours.
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