Outlook 05/22: U.S. stocks index futures are down amid trade anxiety is setting in again as the U.S. considers cutting off the flow of vital American technology to as many as five Chinese companies widening the dragnet beyond Huawei to include world leaders in video surveillance. The Federal Open Market Committee (FOMC) will be releasing its minutes from its last meeting at 2 p.m. ET.
/ESM19 Value: YVAH 2870 YPOC 2866 YVAL 2859 GAP 2866
/ES Plan: Yesterday market closed bullish but overnight looks more bearish, moving above yesterday's range, so we've these options:
A) If market remains below LIS HVE 2857 with bearish internals, sell towards ONL 2848.25 LVN 2843 HVE 2837.
B) If market starts to move above 2857 with bullish internals, buy towards GAP 2866 ONH 2869.50 and HVE 2873.
Quotes: “Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it immediately.” Jesse Livermore
Today's Economic Calendar
10:00 Fed's Williams Speech
10:10 Fed's Bostic Speech
10:15 Fed's Kaplan Speech
10:30 EIA Petroleum Inventories
02:00 PM FOMC minutes
04:00 PM Fed's Bostic Speech
Questions via @verniman direct message (RTH) or email (After Close).
Glossary of terms
