Outlook 02/13: U.S. stock index futures hold gains as U.S. President Donald Trump said on Tuesday that he could let the March 1 deadline for a trade agreement with China "slide for a little while," but that he would prefer not to and expects to meet with Chinese President Xi Jinping to close the deal at some point. U.S. tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides cannot reach a deal by the deadline.
/ESH19 Value: YVAH 2748 YPOC 2745 YVAL 2734 GAP 2745.25
/ES Plan: Yesterday market closed bullish but overnight looks more balanced, moving above previous range, so we've these options:
A) If market remains above YHOD 2748 with bullish internals, buy towards ONH 2757 HVE 2758 LVNs 2765-2768 and HVE-PBT 2784.
B) If market starts to move below YHOD with bearish internals, sell towards GAP 2745.25 ONL-HVE 2743 LVN 2734 and HVE 2728.
Today's Economic Calendar
10:00 Atlanta Fed's Business Inflation Expectations
10:30 EIA Petroleum Inventories
12:00 PM Fed's Harker Speech
02:00 PM Treasury Budget
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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