Turkey week

Outlook 11/25: Stock futures climb Monday as markets kicked off a shortened Thanksgiving trading week. U.S. markets are closed Thursday due to the Thanksgiving holiday and close early on Friday, so trading volume is likely to be light this week. Despite this week’s shortened trading week, the interest rate outlook is back in focus. In this vein, investors will monitor the release of October’s personal consumption expenditure price index, the Federal Reserve’s preferred inflation measure, on Wednesday. Minutes from the Fed’s most recent policy meeting are also due out ahead of Thanksgiving. 

ESZ24 (DEC2024): YVAH 5991 YPOC 5985 YVAL 5974 GAP 5987.50

/ES Plan: Last session market closed bullish (PBT 6030), 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 moves above ON-VAH 6019 with bullish internals, buy towards ONH 6032 PBT 6042 and ATH-ETH pending 6053 magnet.

B) If market moves below ON-VAH 6019 with bearish internals, sell towards ONL 6005 YVAH 5991  GAP 5987 magnet and YVAL 5974.

Note: Overnight inventory is 100% bullish. The expected action is a counter-auction; failure to see the counter-auction would be an indication of potential bullish trend day. 

Market Movers

10:30 AM Dallas Fed Manufacturing Survey 

Follow Twitter updates using TweetDeck old version.
Follow news and listen to order flow at FinancialJuice.

Questions via private twitter direct message (RTH)