Outlook 12/31: U.S. stock index futures are rallying ahead of the final trading session of the year amid optimism surrounding talks between the world's two largest economies. President Trump said he had a "very good call" on trade with China's Xi Jinping on Saturday, claiming that "big progress" was being made on this front, while the latter said both sides wanted "stable progress."
/ESH19 Value: YVAH 2500 YPOC 2485 YVAL 2480 GAP 2487
/ES Plan: On Friday market closed bearish and overnight looks more balanced moving above previous value, into 2481-2508 range, so we've these options:
A) If market remains below HVE 2508 with bearish internals, sell towards ONL 2495.50 GAP 2487 HVE 2481 GAP 2469 and LVN 2456.
B) If market starts to move above HVE 2508 with bullish internals, become a buyer towards ONH 2512.50 and HVEs 2520-2529-2539.
Note: U.S. markets will be closed on Tuesday, January 1 for the New Year’s Day holiday. I'll be back on Wednesday. Have a Happy New Year!
Today's Economic Calendar
10:30 Dallas Fed Manufacturing Survey
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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Glossary of terms
