Outlook 04/10: U.S. stock index futures are looking to shake off yesterday's losses, with the SP500 up 0.2%. The Fed this afternoon is set to release minutes from its latest meeting, when it left interest rates unchanged and abandoned all plans for future hikes this year, while J.Powell speaks about the economy at the House of Representatives.
/ESM19 Value: YVAH 2887 YPOC 2883 YVAL 2881 GAP 2882.75
/ES Plan: Yesterday market closed bearish (PBT 2868) but overnight looks more bullish (GBT 2896), moving above Yesterday's value, so we've these options:
A) If market remains above LIS-YVAH 2887 with bullish internals, buy towards ONH 2891.25 LVN 2893 GAP 2898.50 and HVE 2900.
B) If market starts to move below LIS 2887 with bearish internals, sell towards HVEs 2883-2878-2873 PBT 2868 and GAP 2867.25.
Quotes: “Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.” Jesse Livermore
Today's Economic Calendar
10:00 Atlanta Fed's Business Inflation Expectations
10:30 EIA Petroleum Inventories
11:50 Randal Quarles Speech
1:00 PM 10-Year Note Auction
2:00 PM FOMC minutes
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
