Outlook 02/28: U.S. stock futures show modest bounce after U.S. GDP data came out better than expected as 2018 came to a close, with GDP rising 2.6 percent, according to a first estimate of the Commerce Department. The growth came amid a bevy of uncertainty and a time when the stock market briefly slid into bear market territory.
/ESH19 Value: YVAH 2795 YPOC 2792 YVAL 2784 GAP 2795
/ES Plan: Yesterday market closed bullish (PBT 2808) but overnight looks balanced, moving within previous value, so we've these options:
A) If market remains above YVAL-HVE 2784 with bullish internals, buy towards YVAL-GAP-ONH-HVE-YHOD zone 2795-2797 and HVE-PBT 2808.
B) If market starts to move below YVAL-HVE 2784 with bearish internals, become a seller towards ONL 2781.75 GAP 2774.25 and HVE 2764.
Today's Economic Calendar
09:45 Chicago PMI
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
12:15 PM Fed's Harker Speech
01:00 PM Fed's Kaplan Speech
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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