Shutdown avoided

Outlook 10/01: U.S. stock futures point to bullish open reversing an earlier sharp decline, on the first day of October after the worst month of the year. Congress prevented a government shutdown before Thursday's midnight deadline. President Joe Biden signed a bill that funds federal operations through Dec. 3. Passing the so-called continuing resolution avoided one crisis. However, lawmakers still need to deal with another: a looming threat of default unless Congress raises or suspends the debt ceiling before Oct. 18.

/ESZ21: YVAH 4350 YPOC 4313 YVAL 4295 GAP 4302.50

/ES Plan: Yesterday market closed bearish (PBT 4250), but overnight looks more bullish, still moving within Yesterday's value, so these're the opening and initial balance options for today:

A) If market moves above HVE 4313 with bullish internals, buy towards YVAH 4350 and HVEs 4363-4385-4406-4423.

B) If market moves below HVE 4313 with bearish internals, sell towards HVE 4292 ONL 4260 and HVEs 4250-4232.

Note: Market opens inside value, so don't be 'too anxious' to trade early. Bad trades occur when you try to force things to happen, don’t force it. 

Market Movers

9:45 PMI Manufacturing Index

10:00 ISM Manufacturing Index

10:00 Construction Spending

10:00 Consumer Sentiment

11:00 Fed's Harker Speech

1:00 PM Baker-Hughes Rig Count

1:00 PM Fed's Mester Speech

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