Outlook 02/21: Overnight action printed new highs amid the most significant progress yet toward ending the seven-month U.S.-China trade war, with negotiators drawing up six memorandums of understanding on structural issues: forced technology transfer and cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade.
/ESH19 Value: YVAH 2786 YPOC 2783.5 YVAL 2780 GAP 2787
/ES Plan: Yesterday market closed balanced but overnight looks bearish moving within previous value, so we've these options:
A) If market remains below HVE 2784 with bearish internals, sell towards ONL 2778.25 YLOD 2773.25 HVEs 2764-2758-2743 and LVN 2734.
B) If market starts to move above 2784 with bullish internals, become a buyer towards YHOD 2790.75 HVE 2796 ONH 2798 and HVE 2808.
Today's Economic Calendar
09:45 PMI Composite Flash
10:00 Leading Indicators
10:00 Existing Home Sales
10:30 EIA Natural Gas Inventory
11:00 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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Glossary of terms
