Outlook 01/15: Markets gained ground overnight as China announced it would start implementing a package of stimulus measures to boost its economy, but started to slide down due negative sentiment towards Brexit vote. Members of U.K. Parliament will vote today on prime minister Theresa May’s Brexit deal for leaving the European Union. A significant loss for the government, would lead to a further fall in sterling and negative sentiment towards UK stocks as financial markets do not like political uncertainty. Vote on deal expected after 2pm ET.
/ESH19 Value: YVAH 2587 YPOC 2583 YVAL 2579 GAP 2580.75
/ES Plan: Yesterday market left a bullish imbalance (PBT 2600) but overnight looks slight bearish after filled yesterday imbalance, moving within previous value, so we've these options:
A) If market remains below HVE 2586 with bearish internals, become a seller towards ONL 2580 and HVE 2562-2539.
B) If market starts to move above HVE 2586 with bullish internals, buy towards YHOD 2592 ONH 2600 and PBT 2620.
Today's Economic Calendar
11:30 Fed's Kashkari Speech
01:00 PM Fed's Kaplan Speech
01:00 PM Fed's George Speech
02:00 PM UK Brexit Vote
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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