Outlook 10/08: The U.S. is blacklisting a group of Chinese tech companies that develop facial recognition and other artificial intelligence technology that the U.S. says is being used to repress China's Muslim minority groups. The blacklisting comes just a few days before Chinese and U.S. negotiators meet for another round of high-level trade talks. U.S. stock futures turned sharply lower following the decision, as China signaled it would hit back over the measures and "urged the U.S. side to immediately correct its mistake."
/ESZ19 Value: YVAH 2948 YPOC 2944 YVAL 2936 GAP 2937.50
/ES Plan: Yesterday market closed balanced but overnight looks more bearish, moving below Yesterday's range, so:
A) If market remains below LIS HVE 2925 with bearish internals, sell towards HVE 2918 GAP 2911.75 ONL 2910.25 and HVEs 2907-2895.
B) If market moves above LIS HVE 2925 with bullish internals, buy towards HVE-GAP 2937.50 HVE 2948 ONH 2950 HVE 2955 and LVN 2963.
Note: Fed Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics at 2:30 p.m. ET. Chicago Fed President Charles Evans and Minneapolis Fed President Neel Kashkari also have separate public appearances today.
Today's Economic Calendar
1:00 PM 3-Year Note Auction
1:35 PM Fed's Evans Speech
1:50 PM Jerome Powell Speech
5:00 PM Fed's Kashkari Speech
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