Outlook 03/05: U.S. stock futures are pointing to a narrowly higher open. After stock markets found support on Monday from news that the world’s two-largest economies were close to a trade deal, investors are now hungry for concrete details before they push a global equities rally further. Trade and slowing growth are on the agenda as China’s most powerful officials gather in Beijing, while investors will get the latest read on the U.S. economy with the jobs report on Friday.
/ESH19 Value: YVAH 2796 YPOC 2791 YVAL 2769 GAP 2791.50
/ES Plan: Yesterday market closed bimodal (LIS 2796) and overnight looks still balanced, moving within previous value, so we've these options:
A) If market remains below LIS-HVE-YVAH 2796 with bearish internals, sell towards GAP 2791.50 and HVEs 2789-2784-2769.
B) If market starts to move above 2796 with bullish internals, buy towards ONH 2799 LVN 2800 and HVEs 2808-2819-2825.
Today's Economic Calendar
09:45 PMI Services Index
10:00 New Home Sales
10:00 ISM Non-Manufacturing Index
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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