Outlook 03/25: U.S. stock futures are neutral as the U.S. treasury yield curve turned positive after inverting for the first time in more than a decade. "I think we have to be a little bit nervous obviously," declared the Fed's Charles Evans as worries over the economy continued to plague investors. Equities pared some losses, however, boosted by sentiment surrounding the Mueller report, which suggested there was no Russian collusion with the Trump campaign during the 2016 election.
/ESM19 Value: YVAH 2830 YPOC 2814 YVAL 2806 GAP 2810.75
/ES Plan: On Friday market closed bearish (PBT 2761) but overnight looks more balanced and bimodal (LIS 2802), moving a few ticks within Friday's range, so we've these options:
A) If market remains above LIS-HVE 2802 with bullish internals, buy towards GAP 2810.75 HVE 2814 ONH 2818.50 HVE 2825 and LVN 2830.
B) If market starts to move below 2802 with bearish internals, become a seller towards HVE 2796 ONL 2790.25 and HVEs 2784-2775-2769-2761.
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
10:30 Dallas Fed Manufacturing Survey
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).
Glossary of terms
