Outlook 09/25: U.S. stock index futures are neutral after the prospect of impeachment hearings adding to the market uncertainty. Possible reaction to impeachment proceedings? SP500 fell -5% on October 8, 1998, the day the House voted to begin impeachment proceedings against President Clinton, before trimming losses to end the day down 1.2%. By the time Clinton was acquitted by the Senate in February 1999, the index was up 28%.
/ESZ19 Value: YVAH 2993 YPOC 2969 YVAL 2958 GAP 2971.75
/ES Plan: Yesterday market closed bearish and overnight still looks slight bearish, moving within yesterday's value, so:
B) If market remains below LIS HVE 2972 with bearish internals, sell towards LVN 2963 ONL 2956.50 and HVEs 2955-48.
A) If market moves above LIS HVE 2972 with bullish internals, buy towards ONH 2979 and HVE 2980-2989 and YVAH 2993.
Quotes: "The most important lesson though is the importance of viewing every single trade as being part of a series of trades." Mark Douglas
Today's Economic Calendar
10:00 New Home Sales
10:00 State Street Investor Confidence Index
10:00 Fed's George Speech
10:30 EIA Petroleum Inventories
11:00 Survey of Business Uncertainty
01:00 PM 5-Year Note Auction
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