Outlook 11/08: U.S. stock futures rose in morning trading Monday after it got a boost from the House late Friday passing an over $1 trillion infrastructure bill, sending the legislation to President Joe Biden. House Democrats entered Friday planning to pass both the infrastructure legislation and the party's $1.75 trillion social safety net and climate package. But a budget-score demand from a handful of centrists delayed approval of the bigger bill.
/ESZ21: YVAH 4709 YPOC 4705 YVAL 4688 GAP 4684.50
/ES Plan: Last session market closed balanced bimodal (LIS 4695), but overnight Monday looks more bullish, still moving within Friday's value, so these're the opening and initial balance options for today:
A) If market remains above LIS 4695 with bullish internals, buy towards YPOC 4705 YVAH 4709 and ATH 4711.75
B) If market moves below LIS 4695 with bearish internals, sell towards YVAL 4688.50 GAP 4684.50 and GAP 4672.75
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 Fed's Montgomery Speech
10:30 Jerome Powell Speech
12:00 PM Fed’s Harker Speech
12:30 PM Investor Movement Index
1:00 PM 3-Year Note Auction
1:50 PM Fed’s Evan Speech
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