Outlook 12/22: U.S. stock futures rise Friday after cooler inflation data, with stocks heading for an eighth-straight winning week extending its year-end rally. We're into the SoC setup, zone where a unexpected impulse move was initiated and is therefore susceptible to be visited again. The Federal Reserve’s favorite inflation gauge came in less than expected, showing a rise of 3.2% annual rate in November. Economists were anticipating a rise of 0.1% month over month, and 3.3% year over year. Durable goods orders, which include long-lasting items such as airplanes and appliances, ticked up 5.4% higher in November, beating the 2% estimated. The U.S. stock market will be closed on Monday for Christmas.
/ESH24 (MAR 2024): YVAH 4791 YPOC 4785 YVAL 4769 GAP 4795.75
/ES Plan: Yesterday market closed bullish (PBT 4817), and overnight continues on that way, moving above previous value/range, so these're the opening and initial balance options for today:
