Outlook 03/12: U.S. Stocks Futures set to extend the strong gains seen in the previous session, driven by an Apple upgrade at BofA and Nvidia's deal for Mellanox. SP500 is poised to pierce the 2800 level. A lower likelihood of crashing out of the EU without a Brexit deal is also helping inject some bullish sentiment into equity markets, as well as China and the U.S. setting the next steps of their trade talks.
/ESM19 Value: YVAH 2789 YPOC 2786 YVAL 2769 GAP 2789.25
/ES Plan: Yesterday market closed bullish but overnight looks bimodal (LVN 2792), moving above yesterday's range so we've these options:
A) If market remains above YHOD-LVN 2792 with bullish internals, buy towards ONH 2799 LVN 2800 and HVE 2808-2819-2825.
B) If market starts to move below YHOD 2792 with bearish internals, sell towards GAP 2789.25 ONL 2785.50 and HVE 2775.
Tips: Trade the AM session for liquidity. If you get a decent success rate in the morning, trading at afternoon or overnight is totally unnecessary.
Today's Economic Calendar
1:00 PM 10-Year Note Auction
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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