Outlook 10/09: U.S. stock futures pushed higher Wednesday morning on reports suggested that Beijing is still willing to discuss a partial trade deal with Washington. Bloomberg reported, citing an official with direct knowledge of the negotiations, that China would discuss a possible agreement as long as no more tariffs are imposed by President Trump administration including planned levies due October and December.
/ESZ19 Value: YVAH 2918 YPOC 2908 YVAL 2897 GAP 2892.50
/ES Plan: Yesterday market closed bearish (PBT 2867) but overnight looks more bullish (PBT 2945), moving within Yesterday's value, so:
A) If market remains above LIS HVE-YPOC 2908 with bullish internals, buy towards HVE-YVAH 2918 ONH 2934.25 GAP 2937.50 and PBT 2945.
B) If market remains below LIS HVE-YPOC 2908 with bearish internals, sell towards YVAL 2897 GAP 2892.50 HVE-ONL 2889 and PBT-HVEs 2867.
Note: Federal Reserve Chair Jerome Powell delivers opening remarks at 11AM ET ahead of the release of Federal Open Market Committee's minutes at 2PM ET.
Today's Economic Calendar
10:00 Job Openings and Labor Turnover Survey
10:00 Wholesale Trade
10:30 EIA Petroleum Inventories
11:00 Jerome Powell Speech
11:00 Fed's George Speech
01:00 PM 10-Year Note Auction
02:00 PM FOMC minutes
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