Outlook 02/27: Futures contracts for U.S. stock markets have resumed trade stateside after being halted due to a technical glitch at CME Group. U.S. indexes are now pointing to losses of 0.2% as investors sift through dovish testimony from Jerome Powell, conflicting U.S. economic data and a summit between President Trump and Kim Jong-un. Tensions are also escalating between nuclear-armed India and Pakistan following the shooting down of two IAF jets and a suicide bombing in Kashmir.
/ESH19 Value: YVAH 2800 YPOC 2797 YVAL 2792 GAP 2791.50
/ES Plan: Yesterday market closed balanced but overnight looks slight bearish, moving below previous value, so we've these options:
A) If market remains above YLOD-HVE 2784 with bullish internals, buy towards YVAL 2792 ONH 2793.25 HVE 2796 YVAH 2800 and HVE 2808.
B) If market starts to move below YLOD-HVE 2784 with bearish internals, become a seller towards ONL 2780.50 GAP 2774.25 and HVE 2764.
Today's Economic Calendar
10:00 Pending Home Sales
10:00 FED Chairman J.Powell testimony
10:00 State Street Investor Confidence Index
10:30 EIA Petroleum Inventories
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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