Outlook 09/03: U.S. stock futures were indicating a sharply lower Tuesday open on Wall Street, following the implementation over the long holiday weekend of the first batch in a new round of U.S. tariffs on Chinese imports. The Chinese yuan also fell to its lowest level in more than a decade in offshore trading, nearing 7.2 versus the greenback. More trouble? Sources told Bloomberg that Chinese and U.S. officials are struggling to agree on scheduling a planned meeting later this month.
/ESU19 Value: YVAH 2933 YPOC 2923 YVAL 2917
/ES Plan: Last session market closed balanced, and overnight continues on that way, so these're today's options:
A) If market remains above LIS HVE 2907 with bullish internals, buy towards HVE 2918 ONH 2926.50 HVE 2937 and GAP 2951.
B) If market moves below LIS HVE 2907 with bearish internals, sell towards ONL 2889 GAP 2890 HVEs 2883-2867 and GAP 2890.
Quotes: “Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.” Yvan Byeajee
Today's Economic Calendar
09:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
05:00 PM Fed's Rosengren Speech
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