Outlook 04/26: U.S. stock futures are marginally higher after official domestic GDP data. The U.S. economy grew at a 3.2% annualized rate in the first three months of the year, according to the first read on gross domestic product from the Bureau of Economic Analysis. This came in well above expectations for 2.3% growth, according to consensus economist polled by Bloomberg.
/ESM19 Value: YVAH 2935 YPOC 2931 YVAL 2924 GAP 2926
/ES Plan: Yesterday market closed bearish but overnight bounces after GDP data, moving within Yesterday's value, so we've these options:
A) If market remains above LIS HVE YVAL 2924 with bullish internals, buy towards ONH 2932 HVEs 2936-2940 and ATH 2947.
B) If market starts to move below LIS 2924 with bearish internals, sell towards HVE 2918 ONL 2917.25 and HVEs 2913-2907.
Quotes: “The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” Victor Sperandeo
Today's Economic Calendar
10:00 Consumer Sentiment
01:00 PM Baker-Hughes Rig Count
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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