Outlook 10/04: U.S. stock futures fell modestly Monday after finishing a rough week with strong rally on the first day of October. While the main focus this week will be ADP's September employment report and the non-farm payrolls report for last month, investors are also sizing up what kind of returns could be in store for the rest of the quarter. Get ready for a volatile October, traditionally known for its ups and downs
/ESZ21: YVAH 4365 YPOC 4350 YVAL 4299 GAP 4347.25
/ES Plan: Last session market closed bimodal (LIS 4340), but overnight looks more bearish, still moving within Friday's value, so these're the opening and initial balance options for today:
A) If market moves above LIS 4340 with bullish internals, buy towards ONH 4362 YVAH 4365 and HVEs 4385-4406-4423.
B) If market remains below LIS 4340 with bearish internals, sell towards ONL 4315 YVAL 4299 and HVEs 4292-4250-4232.
Note: It's Monday. Market opens inside value, so don't be 'too anxious' to trade early. Bad trades occur when you try to force things to happen.
Market Movers
10:00 Factory Orders
10:00 Fed's Bullard Speech
10:00 Fed's Rosengren Speech
12:30 PM Investor Movement Index
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