Outlook 09/05: Stocks market set to open weaker. A public comment period on the possibility of fresh U.S. tariffs on another $200 billion of Chinese goods ends on Thursday, with expectations that the additional levies will be imposed by President Trump. United States and Canada will also resume discussions on Wednesday on revamping the North American Free Trade Agreement (NAFTA). Ottawa is not expected to back down on key issues despite Trump's threats to retaliate.
/ESU8 Value: YVAH 2899 YPOC 2896 YVAL 2892
/ES Plan: Yesterday market closed leaving a bearish profile (PBT 2881) and overnight still looks bearish (GBT 2881), moving below Yesterday's value, so we've these options:
A) If market remains below YVAL 2892 with bearish internals, try to lean on 2893-2892 towards ONL 2885 PBT 2881 and GAP 2876.75 'Look below and fail' is a bullish signal.
B) If market starts to move above YVAL 2892 with bullish internals, become a buyer towards GAP 2898.50 ONH 2900.50 and GAP 2908.25 'Look above and fail' is a bearish signal.
Today's Economic Calendar
09:20 AM Fed's Bullard Speech
12:30 PM Fed's Williams Speech
04:00 PM Fed's Kashkari speech
06:30 PM Fed's Bostic Speech
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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