Outlook 09/05: U.S. stock futures are continuing a rally that builds on yesterday's gains as the U.S. and China announced they would hold talks in October in Washington. Deputy-level officials will work together in mid-September to lay the groundwork for the meeting.
/ESU19 Value: YVAH 2935 YPOC 2932 YVAL 2923 GAP 2939
/ES Plan: Yesterday market closed leaving a bullish imbalance and overnight has repaired that anomaly, moving above yesterday's range, so these're today's options:
A) If market remains above LIS LVN 2963 with bullish internals, buy towards ONH-HVE 2972 and HVE Tariffs SoC 3006.
B) If market moves below LIS 2963 with bearish internals, sell towards GAP 2939 ONL-HVE 2937 and HVEs 2918-2907.
Tips: Overnight inventory is 100% bullish. The expected action is a counter-auction relative to overnight inventory; failure to see the counter-auction would be an indication of a potential trend day.
Today's Economic Calendar
09:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
10:00 Factory Orders
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
04:30 PM Money Supply
04:30 PM Fed Balance Sheet
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