Outlook 10/21: U.S. stock futures were pointing to a rebound from Friday's stock slide that wiped out the week's gains for the SP500, which has now fallen in four of the past five weeks. Prime Minister Boris Johnson has asked European lawmakers for an extension of the Brexit deadline until the end of January 2020. He was forced to capitulate after Parliament voted 322 to 306 to withhold support for the deal until the passage of legislation to implement it.
/ESZ19 Value: YVAH 2995 YPOC 2992 YVAL 2986 GAP 2988.25
/ES Plan: Last session market closed bullish (PBT 3008) and overnight continues on that way (PBT 3007), moving above Friday's value, so:
A) If market remains above LIS HVE 2995 with bullish internals, buy towards ONH 3002 HVE 3007-3012-3018 and ATH 3029.50.
B) If market moves below LIS HVE 2995 with bearish internals, sell towards GAP 2988.25 ONL 2983.75 HVE 2980 and GAP 2966.
Tips: It's Monday. Market still waking up from the weekend. Price movement tends to be slow. Many traders are just sitting on the sidelines, trying to figure out where the market is going to be headed next and the result is a very slow market on Monday's morning.
Today's Economic Calendar
11:40 Fed’s Bowman Speech
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