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Outlook 01/09: U.S. stock futures fall Tuesday as rates ticked higher, zapping momentum from a tech-led jump in the previous session. Mega-cap tech stocks outperformed as investors bought the dip after last week’s selloff. Later this week, investors will parse through a pair of key inflation readings to gain clarity into the path forward for rate cuts from the Federal Reserve. December consumer price index is set for release Thursday, followed by the producer price index on Friday. The market’s really trying to figure out how many cuts we’re going to have this year.

/ESH24 (MAR 2024): YVAH 4803 YPOC 4799 YVAL 4752 GAP 4800

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

A) If market moves above HVE 4791 with bullish internals, buy towards ONH-YPOC-GAP 4800 YVAH 4803 and HVE-GAP 4813.

B) If market moves below HVE 4791 with bearish internals, sell towards YVAL 4752 HVE 4744 GAP 4737 HVE 4724 and YLOD 4715.

Note: Overnight inventory is 100% bearish. The expected action is a counter-auction; failure to see the counter-auction would be an indication of potential trend day. Market opens in balance. Don't be 'too anxious'. Let the market lead. You don’t have to be the first. Bad trades occur when you try to force things to happen. 

Market Movers

12:00 PM Fed’s Barr Speech
1:00 PM 3-Year Note Auction 

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