Outlook 11/15: U.S. stock futures moved higher in early morning trading on Monday as investors prepared to start the week after the SP500 broke a five-week winning streak. Markets are coming off a losing week after last month’s consumer price index made its largest annual increase in more than three decades. Markets digested a range of economic news last week showing that inflation was rising even more than expected and workers continued to quit their jobs in search of better opportunities.
/ESZ21: YVAH 4684 YPOC 4675 YVAL 4654 GAP 4681.75
/ES Plan: Last session market closed bullish, and overnight continues on that way, moving above Friday's value-range, so these're the opening and initial balance options for today:
A) If market remains above LIS 4690 with bullish internals, buy towards ONH 4697.50 and ATH 4711.
B) If market moves below 4690 with bearish internals, sell towards YVAH 4684 ONL 4677.50 and YVAL 4654.
Note: Market opens above previous value area and it's a clearly bullish signal. But, if market begins to trade within value with volume increasing, 'Value Area Rule (VAR)' comes into play.
Market Movers
Follow the market news and listen to the order flow via FinancialJuice.
Questions via twitter direct message (RTH)
