Near record

Outlook 12/18: U.S. stock futures are on a tear heading into the last full trading week of the year. The Dow Jones Industrial Average notched an intraday record high on Friday, as investors welcome expectations that the Federal Reserve could start to cut interest rates next year as inflation cools. The Dow, SP500 and Nasdaq have all recorded seven-week winnings streaks. Economists may have what to celebrate as inflation is projected to near the Fed's 2% target next year without a recession or a surge in unemployment. With few economic indicators due this week, earnings from FedEx on Tuesday and Nike on Thursday could help to drive markets in the days ahead.

/ESH24 (MAR 2024): YVAH 4776 YPOC 4771 YVAL 4764 GAP 4771.25

/ES Plan: Last session market closed balanced, and overnight continues on that way, moving above previous value, so these're the opening and initial balance options for today:

A) If market remains above YVAH 4776 with bullish internals, buy towards YHOD 4789 HVE 4792 ATH 4809 and PBT 4827.

B) If market moves below YVAH 4776 with bearish internals, sell towards GAP 4771.25 YVAL 4764 YLOD 4757 and HVE 4746.

Note: Market opens balanced. Don't be 'too anxious'. Let the market lead. It's Monday and Mondays are usually the quietest days of the week. Many traders want to take their time analyzing the market, and usually, there are few economic releases. 

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