Outlook 01/28: Global shares are starting a busy week on the back foot ahead of some big upcoming events that could weigh on investor sentiment. Among them: Key votes on Brexit, U.S.-China trade talks, a Federal Reserve policy decision and a deluge of high profile corporate earnings (Caterpillar slides nearly 4% in pre-market). More tensions? President Trump said another government shutdown is "certainly an option" after signing a bill to temporarily reopen government following the longest shutdown in history.
/ESH19 Value: YVAH 2669 YPOC 2664 YVAL 2660 GAP 2663.25
/ES Plan: Last Friday market closed bullish but overnight looks more bearish, moving below previous value, so we've these options:
A) If market remains below LIS 2645 with bearish internals, become a seller towards GAP 2634.25 and HVEs 2620-2611-2606.
B) If market starts to move above 2645 with bullish internals, buy towards HVE 2652 ONH 2663.50 YVAH 2669 and HVEs 2684.
Tips: Keep in mind RTH timeline, 10am ET data, Initial Balance, European close, Bonds close, etc. Trade the first 2 hours for liquidity. If you get a decent success rate in the morning, trading at afternoon or overnight is totally unnecessary.
Today's Economic Calendar
10:30 Dallas Fed Manufacturing Survey
01:00 PM 5-Year Note Auction
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
Questions via @verniman direct message (RTH) or email (After Close).
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