Outlook 03/18: U.S. stock index futures are deciding on direction to start the week, with SP500 flat. Significant catalysts in the week ahead? There's a slew of central bank gatherings, including monetary policy decisions from the Bank of England and Federal Reserve. The Fed is expected to lower its interest rate forecasts, or "dot plots", to show little or no further tightening in 2019.
/ESM19 Value: YVAH 2830 YPOC 2829 YVAL 2819 GAP 2830.25
/ES Plan: On Friday market closed bullish but overnight looks more balanced, moving above yesterday's value so we've these options:
A) If market remains above YVAH 2830 with bullish internals, buy towards ONH 2834.75 HVE 2837 and HVEs 2846-2857.
B) If market starts to move below 2830 with bearish internals, sell towards ONL 2824 HVEs 2819-2814 and LVN 2800.
Tips: LIS remains valid during IB (1st RTH Hour), then VWAP-VAH-VAL-LVN come into play as dinamic Bull/Bear Line.
Today's Economic Calendar
10:00 NAHB Housing Market Index
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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