FED speakers

Outlook 04/12: U.S. stock futures fell on Friday as major U.S. banks kicked off the corporate earnings season. JPMorgan Chase shares were down more than 3% after the banking giant posted its first-quarter results. The bank said net interest income could be a little short of what analysts are expecting in 2024. CEO Jamie Dimon also warned about persistent inflationary pressures weighing on the economy. Wells Fargo shares were down around 0.5% after reporting its latest quarterly figures. Citigroup rose more 1% after posting a revenue beat. The reports come a day after a sharp rebound for SP500 and Nasdaq as tech shares led a comeback from Wednesday’s inflation-fueled sell-off. 

/ESM24 (JUN 2024): YVAH 5232 YPOC 5204 YVAL 5178 GAP 5243.50

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

A) If market remains above HVE 5196 with bullish internals, buy towards YVAH 5232 GAP 5243 HVE-YHOD 5257 and CPI SoC 5267.

B) If market moves below HVE 5196 with bearish internals, sell towards YVAL 5178 YLOD 5173 HVE 5155 PBT 5136. and HVE 5125.

Note: Overnight inventory is 100% bearish. The expected action is a counter-auction; failure to see the counter-auction would be an indication of potential trend day.  It's Friday and traders who have made losses that week will likely take large risks to try and end the week with a profit. Try to be calm and focus on the market rather than thinking about your account.

Market Movers

10:00 Consumer Sentiment

1:00 PM Baker Hughes Rig Count

1:00 PM Fed's Schmid Speech

2:30 PM Fed's Bostic Speech

3:30 PM Fed's Daly Speech 

Follow Twitter updates using TweetDeck old version.

Follow news and listen to order flow at FinancialJuice.

Questions via private twitter direct message (RTH)