Still going

Outlook 11/11: Stock futures still climbing as SP500 had the best week of the year. Investors hate uncertainty, and, with the election decided, markets now have clarity, and are able to lay fears of a contested election to rest. Investors can now train their focus on what matters most to markets, economic and corporate fundamentals. There is no economic data of note expected Monday, but investors will be awaiting inflation readings due out later in the week. The bond market is closed today in observance of Veterans Day. However, the stock market will be open for a regular session but volume will be lower than usual.

ESZ24 (DEC2024): YVAH 6037 YPOC 6024 YVAL 6012 GAP 6026.50

/ES Plan: Last session market closed bullish (PBT 6055), and overnight continues on that way, moving above previous value/range, so these're the opening and initial balance options for current session:

A) If market remains above YHOD 6041 with bullish internals, buy towards ONH 6053 and PBTs 6055-6125 magnets.

B) If market moves below YHOD 6041 with bearish internals, sell towards GAP 6026 magnet YVAL 6012 and YLOD 5990.

Note: If market opens above value and it begins to trade within value, VAR comes into play. It's Monday, usually the quietest days of the week. Many traders want to take their time analyzing the market, and usually, there are few economic releases. 

Market Movers

U.S. Bank Holiday

U.S. Bonds Market Closed

No economic events scheduled

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