Outlook 03/15: This week has so far seen a 80-point rise in the SP500 futures. Chinese state media reported overnight that Washington and Beijing were making "concrete progress" on the text of their trade pact, while President Trump said Beijing has been "very responsible and very reasonable" in their talks.
/ESM19 Value: YVAH 2817 YPOC 2814 YVAL 2812 GAP 2812.75
/ES Plan: Yesterday market closed balanced but overnight looks more bullish, moving above yesterday's value so we've these options:
A) If market remains above HVE 2819 with bullish internals, buy towards HVE 2825 ONH 2826.50 PBT 2836.75 and HVEs 2842-2857.
B) If market starts to move below 2819 with bearish internals, sell towards HVEs 2819-2814 ONL 2812.50 HVE 2808 and LVN 2800.
Tips: Today is Quadruple Witching, enough reason to be very cautious. Usual strategies are most likely to be less effective.
Today's Economic Calendar
09:15 Industrial Production
10:00 Consumer Sentiment
10:00 Job Openings and Labor Turnover Survey
01:00 PM Baker-Hughes Rig Count
04:00 PM Treasury International Capital
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
