Outlook 10/01: U.S. stock futures point higher this morning on the back of renewed optimism in U.S.-China trade talks. Today is the first day of the fourth quarter and the first day of the new month. Keep in mind that October is historically the most volatile month for stocks.
/ESZ19 Value: YVAH 2982 YPOC 2975 YVAL 2972 GAP 2985
/ES Plan: Yesterday market closed balanced and overnight continues on that way, moving above yesterday's value, so:
A) If market remains below LIS HVE 2989 with bearish internals, sell towards ONL 2982.25 HVEs 2980-2972 and GAP 2963.75
B) If market moves above LIS HVE 2989 with bullish internals, buy towards ONH 2994.50 HVEs 3007-3018 and ATH 3029.50.
Note: Today, there are a number of Fed speeches, including Fed Vice Chair Richard Clarida, St. Louis Fed President James Bullard and Chicago Fed President Charles Evans. All these Fed speakers are market movers.
Today's Economic Calendar
09:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
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