Outlook 10/14: U.S. stock futures turned lower Monday morning after China reportedly said it needed to have further discussions before it would sign off on the so-called phase one trade deal President Donald Trump touted on Friday. A Bloomberg report that said China trade officials wanted more talks by the end of October to discuss details of the "phase one" trade deal.
/ESZ19 Value: YVAH 2992 YPOC 2982 YVAL 2972 GAP 2970.25
/ES Plan: Last session market closed bullish but overnight looks more bearish, moving below Friday's value, so:
A) If market remains below LIS LVN 2963 with bearish internals, sell towards ONL 2953.75 HVE 2948 GAP 2942 and HVE 2937.
B) If market moves above LIS LVN 2963 with bullish internals, buy towards GAP 2970.25 HVEs 2972-2980 and ONH 2982.50
Reminder: The U.S. stock market is open today, but banks, government offices and the bond market are closed in observance of the Columbus Day holiday. The holiday means no government economic numbers will be released today. No corporate earnings reports are out this morning or after today's closing bell.
Today's Economic Calendar
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