Outlook 09/24: U.S. stock index futures are ahead by 0.2% after Treasury Secretary Steven Mnuchin confirmed US-China trade talks will resume next month. The cancellation of a planned trip by Chinese trade negotiators to U.S. farming regions, and accompanying uncertainty, helped send shares lower on Friday and kept prices steady on Monday. More optimism? Chinese importers further said they would buy about 10 boatloads of U.S. soybeans to be shipped from Pacific Northwest ports from October through December.
/ESZ19 Value: YVAH 2999 YPOC 2997 YVAL 2989 GAP 2997.50
/ES Plan: Yesterday market closed balanced. Overnight looks slight bearish but still moving above yesterday's value, so:
B) If market remains below LIS HVE 3007 with bearish internals, sell towards ONL 3000.75 GAP-YPOC 2997 and HVEs 2989-80.
A) If market moves above LIS HVE 3007 with bullish internals, buy towards ONH 3012.25 HVE 3018 ATH 3029.50 and PBT 3042.
Quotes: "When you really believe that trading is simply a probability game, concepts like ‘right’ and ‘wrong’ or ‘win’ and ‘lose’ no longer have the same significance." Mark Douglas
Today's Economic Calendar
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
01:00 PM 2-Year Note Auction
Questions via @verniman direct message (RTH) or email (After Close).
Follow RTH updates using TweetDeck alerts
