Outlook 03/26: U.S. stock index futures are on course to climb 0.5% at the open after a balanced session on Monday. Bond yields are edging higher, with the 10-year Treasury note up 3 bps to 2.45%, easing the market's worries about an inverted yield curve and looming recession. The next signals investors will be looking to is a full day of Fedspeak, with speeches ahead from Charles Evans, Patrick Harker and Mary Daly.
/ESM19 Value: YVAH 2808 YPOC 2805 YVAL 2796 GAP 2807.25
/ES Plan: Yesterday market closed balanced but overnight looks more bullish, moving above Yesterday's range, so we've these options:
A) If market remains above LIS-HVE-YHOD 2819 with bullish internals, buy towards ONH 2823.75 LVNs 2825-2830 and HVEs 2837-2842.
B) If market starts to move below 2819 with bearish internals, be a seller towards HVE 2814 YVAH 2808 GAP 2807.25 and ONL 2806.
Tips: LIS remains valid during IB (1st RTH Hour), then VWAP-VAH-VAL-LVN come into play as dinamic Bull/Bear Line. Trade the first 2 hours for liquidity. If you get a decent success rate in the morning, trading at afternoon or overnight is totally unnecessary. Less is more.
Today's Economic Calendar
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
01:00 PM 2-Year Note Auction
08:30 PM Fed's Rosengren Speech
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).
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