Outlook 03/04: U.S. stock index futures pointing to gains, as the WSJ reported that China and the U.S. are in the final stage of completing a trade deal. In addition to stepping up purchases of U.S. products, Beijing has offered to lower tariffs and other restrictions on American farm, chemical, auto and other goods, while Washington is considering removing most, if not all, sanctions levied against Chinese imports since last year. Talks have progressed to the extent that a formal agreement could be reached at a summit between President Trump and Xi Jinping, probably around March 27.
/ESH19 Value: YVAH 2808 YPOC 2804 YVAL 2796 GAP 2805.25
/ES Plan: On Friday market closed bullish but overnight looks more balanced, moving above previous range, so we've these options:
A) If market remains above ON-VAL 2812 with bullish internals, buy towards HVE 2819 ONH 2819.75 and HVE 2825.
B) If market starts to move below 2812 with bearish internals, sell towards HVE 2808 GAP 2805.25 and LVN 2800.
Today's Economic Calendar
10:00 Construction Spending
12:30 PM TD Ameritrade IMX
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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