Outlook 11/19: U.S. It's likely to be a quiet week with markets closed on Thursday for the Thanksgiving Day holiday. Brexiteers had warned of "Judgement Day," but opponents of British Prime Minister Theresa May are reportedly six letters short of the 48 threshold needed to trigger a no confidence vote on her leadership. May said on Sunday that toppling her would risk delaying Brexit and she would not let talk of the challenge distract her from getting the support of the U.K. business community ahead of a critical week of Brexit negotiations.
/ESZ18 Value: YVAH 2740 YPOC 2730 YVAL 2621 GAP 2742.50
/ES Plan: On Friday market closed balanced. Overnight looks more bearish (GBT 2719), moving within Friday's value and 2745-2729 range, so we've these options:
A) If market remains above HVE 2729 with bullish internals, buy towards YVAH 2740 GAP 2742.50 HVE 2745 and ONH 2748.
B) If market starts to move below 2729 with bearish internals, be a seller towards YVAL 2721 HVE 2719 and YLOD 2708.
Today's Economic Calendar
09:40 Fed's Williams Speech
10:00 NAHB Housing Market Index
10:00 E-Commerce Retail Sales
10:45 Fed's Williams Speech
03:15 PM Fed's Williams Speech
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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