Still bullish

Outlook 02/06: U.S. stock futures hover around the flat line Tuesday following a sell-off spurred by higher bond yields and worries that the Federal Reserve may not cut rates as much as investors had hoped. On the economic front Tuesday, Wall Street will be keeping an eye out for the New York Fed’s household debt and credit report for the fourth quarter. Several central bank speakers are slated to give comments, including Cleveland Fed President Loretta Mester and Boston Fed President Susan Collins. 

/ESH24 (MAR 2024): YVAH 4975 YPOC 4967 YVAL 4958 GAP 4959.25

/ES Plan: Yesterday market closed bullish (PBT 4996), and overnight continues on that way, still moving within previous value, so these're the opening and initial balance options for today:

A) If market moves above YPOC 4967 with bullish internals, buy towards YVAH 4975 YHOD 4981 and PBT 4996.

B) If market moves below YPOC 4967 with bearish internals, sell towards YVAL 4958 and HVE-YLOD 4937.

Note: Market opens inside value. 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 Mester Speech

1:00 PM Fed's Kashkari Speech

1:00 PM 3-Year Note Auction

2:00 PM Fed's Collins Speech

7:00 PM Fed's Harker Speech 

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