Outlook 11/15: U.S. stock futures ticked higher Wednesday, as traders tried to extend a strong rally from the previous session on the back of more encouraging inflation data. October’s producer price index, which measures wholesale prices, fell by 0.5% to mark its biggest monthly drop since April 2020. Not all of the economic data was positive, however, since retail sales also declined. Late Tuesday, the House of Representatives passed a bill to avert a government shutdown. The measure will go to the Senate for a vote.
/ESZ23 (Dec 2023): YVAH 4523 YPOC 4515 YVAL 4496 GAP 4513.50
/ES Plan: Yesterday market closed bullish (PBT 4608), and overnight, after inflation data, looks balanced, moving within previous value, so these're the opening and initial balance options for today:
