Outlook 02/11: U.S. stock index futures are pointing to gains at the start of the week, up 0.5%, despite the collapse of border security talks as the federal government barreled towards another shutdown. Investors appear to be banking on a new round of U.S.-China trade talks that begins today, with Chinese Foreign Ministry spokeswoman Hua Chunying telling reporters that Beijing hopes to see good results. About 60 companies listed on the SP500 are also set to report quarterly figures in what will be the last big week of the Q4 earnings season.
/ESH19 Value: YVAH 2696 YPOC 2689 YVAL 2683 GAP 2706
/ES Plan: On Friday market closed leaving a 'V' bullish reversal and overnight is still bullish (GBT-HVE 2734), moving above previous range, so we've these options:
A) If market remains above HVE 2712 with bullish internals, buy towards HVE 2719 ONH 2721.50 HVE 2728 GAP 2729.75 and HVE 2734-2743.
B) If market starts to move below 2712 with bearish internals, be a seller towards GAP 2706 HVE 2704 ONL-LVN 2700 and HVEs 2692-2684.
Today's Economic Calendar
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Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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