Welcome Q2

Outlook 04/01: U.S. stock futures rise slightly on Monday as markets kicked off the second quarter following a strong start to the year, and traders weighed fresh U.S. inflation data. The personal consumption expenditures price index excluding food and energy, released Friday during the market closure for Good Friday, showed inflation rose 2.8% in February, in line with expectations. The inflation gauge closely watched by the Federal Reserve also rose 0.3% from a month ago. Busy week of economic data that kicks off Today, with construction spending for February and ISM manufacturing data for March due Monday. The keynote March jobs report is on deck for Friday.

/ESM24 (JUN 2024): YVAH 5314 YPOC 5311 YVAL 5305 GAP 5306.50

/ES Plan: Last session market closed bearish, but overnight looks slight bullish, still moving above value, so these're the opening and initial balance options for today:

A) If market moves above YVAH 5314 with bullish internals, buy towards YHOD 5321 and ONH-ATH 5333.

B) If market moves below YVAH 5314 with bearish internals, sell towards ONL-YPOC 5311 and  GAP-YVAL 5306.

Note: Market opens above value and it begins to trade within value, Value Area Rule (VAR) comes into play. 

Market Movers

9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
6:50 PM Fed's Cook Speech 

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