Outlook 05/07: U.S. markets recovered most of their lost ground after a steep initial plunge, as stocks stabilized amid hopes that a trade agreement could get back on track. China has confirmed that Vice Premier Liu He will visit the U.S. on May 9-10 ahead of a Friday deadline President Trump has set for an increase in tariffs, after Washington accused Beijing of "reneging" on its trade promises.
/ESM19 Value: YVAH 2924 YPOC 2918 YVAL 2900 GAP 2933
/ES Plan: Yesterday market closed bullish but overnight looks more bearish, moving within yesterday's value, so we've these options:
A) If market remains below LIS HVE 2913 with bearish internals, sell towards ONL 2902.75 HVE 2900 and HVE-GAP 2883.
B) If market starts to move above 2913 with bullish internals, buy towards HVEs 2918-2924 ONH 2930.50 and GAP 2933.
Quotes: “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.” Yvan Byeajee
Today's Economic Calendar
10:00 Job Openings and Labor Turnover Survey
01:00 PM 3-Year Note Auction
03:00 PM Consumer Credit
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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Glossary of terms
