Outlook 02/25: US stocks futures up overnight, after President Trump delayed an increase in tariffs scheduled for March 1. "The U.S. has made substantial progress in our trade talks with China." "Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement." (Trump Twitter)
/ESH19 Value: YVAH 2792 YPOC 2789 YVAL 2784 GAP 2791.50
/ES Plan: On Friday market closed leavinf a bullish imbalance (PBT 2808) and overnight has filled pending balance target, moving above previous range, so we've these options:
A) If market remains above ON/HVE 2803 with bullish internals, become a buyer towards ONH 2808.25 HVE 2819 LVN 2825 and HVE 2842.
B) If market starts to move below ON/HVE 2803 with bearish internals, sell towards ONL 2794.50 GAP 2792.50 HVE 2784 and GAP 2774.25
Today's Economic Calendar
10:00 Wholesale Trade
10:30 Dallas Fed Manufacturing Survey
11:30 2-Year Note Auction
01:00 PM 5-Year Note Auction
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
Questions via @verniman direct message (RTH) or email (After Close).
Glossary of terms
