JOLTS data

Outlook 01/30: U.S. stock futures dip Tuesday morning as investors analyzed the latest corporate earnings with the Federal Reserve policy meeting on the horizon. Traders also awaited results from major tech companies slated for the afternoon, including Microsoft and Alphabet. Traders will watch for updates out of the Federal Open Market Committee’s two-day policy meeting beginning Tuesday. The fed funds futures market has priced in an approximately 97% probability that the central bank will leave rates unchanged at Wednesday announcement.

/ESH24 (MAR 2024): YVAH 4944 YPOC 4921 YVAL 4911 GAP 4951

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

A) If market moves above YVAH 4944 with bullish internals, buy towards GAP 4951 YHOD 4956 and ONH-ON 4957.

B) If market moves below YVAH 4944 with bearish internals, sell towards ONL 4941 YPOC 4921 and YVAL 4911.

Note: Market opens inside value so let the market lead. You don’t have to be the first. Bad trades occur when you try to force things. 

Market Movers

10:00 Consumer Confidence
10:00 JOLTS

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