House vote

Outlook 10/12: U.S. stock futures are edging higher after Monday weakness. The House is set to vote Tuesday to approve a short-term debt ceiling hike, sending the measure to President Joe Biden for his signature. The $480 billion compromise increase will allow the federal government to pay its bills until early December. It cleared the Senate last week in a party-line Democratic vote. The standoff over an Oct. 18 deadline ended when Senate GOP leader Mitch McConnell agreed to help pass the short-term increase. But he insists he won't do it again.

/ESZ21: YVAH 4391 YPOC 4371 YVAL 4355 GAP 4348.50

/ES Plan: Yesterday market closed bearish, but overnight looks more balanced, moving within Yesterday's value, so these're the opening and initial balance options for today:

A) If market moves above HVE 4363 with bullish internals, buy towards HVE 4385 YVAH 4391 and HVE 4406.

B) If market moves below 4363 with bearish internals, sell towards GAP 4348.50 YLOD 4344 and ONL 4317.25

Note: A trading plan is simply a plan to execute your trades. Execute based off the markets reaction to the plan, don't force the plan to work. Be disciplined, but be adaptable.

Market Movers

10:00 JOLTS

11:15 Fed's Clarida Speech

11:30 3-Year Note Auction

1:00 PM 10-Year Note Auction

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)