Outlook 04/09: U.S. stock index futures remain at the flatline, while the euro struggles for direction, as the Trump administration kicked off the process for retaliation against $11.2B worth of damage from EU subsidies to Airbus that the WTO has found to cause "adverse effects" to the U.S. Products targeted ranged from large commercial aircraft and parts to dairy products and wine. It's also a reminder that the settling of a trade war with China may free the U.S. up to launch another one with the EU, sparking investor concerns about the world economy.
/ESM19 Value: YVAH 2896 YPOC 2891 YVAL 2887 GAP 2898.50
/ES Plan: Yesterday market closed balanced and overnight continues on that way, moving within Yesterday's value, so we've these options:
A) If market remains above LIS-YPOC 2891 with bullish internals, buy towards ONH 2900 PBT 2906 and HVE 2918.
B) If market starts to move below 2891 with bearish internals, sell towards HVE-GAP 2883 and HVEs 2878-2873.
Tips: Be selective with your entries, be patience and wait for the best time on each hour, to join the fuel of big money. Usually, every half hour the big money starts a new sequence. Take advantage of that impulse.
Today's Economic Calendar
10:00 Job Openings and Labor Turnover Survey
01:00 PM 3-Year Note Auction
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
