Outlook 01/17: U.S. stock index futures are dipping into the red ahead of the open, but quarterly reports today from Netflix, Morgan Stanley and others may be able to send Wall Street back to four-week highs. The results come after Netflix said it would raise its U.S. monthly subscription prices and as investors bet bank profits will continue to lead markets.
/ESH19 Value: YVAH 2623 YPOC 2620 YVAL 2614 GAP 2613.50
/ES Plan: Yesterday market left a bullish imbalance (PBT 2635) but overnight looks more bearish, moving below previous value, so, we've these options:
A) If market remains above HVE 2607 with bullish internals, become a buyer towards ONH 2616 HVE 2620 and YVAH 2623.
B) If market starts to move below 2607 with bearish internals, become a seller towards ONL 2596.50 and HVE 2586-2562.
Today's Economic Calendar
10:30 EIA Natural Gas Inventory
10:45 Randal Quarles speech
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
