Outlook 10/11: U.S. stock futures were pointing to a sharply higher open, after President Trump said trade talks between U.S. and Chinese officials went very well, assuaging fears about a potential lack of progress before another meeting later today. Many are also looking out for a currency agreement, which could lead the U.S. administration to rescind a tariff rate hike scheduled for Oct. 15.
/ESZ19 Value: YVAH 2948 YPOC 2936 YVAL 2919 GAP 2942
/ES Plan: Yesterday market closed bullish (PBT 2990) and overnight continues on that way (PBT 2996), moving above Yesterday's range, so:
A) If market moves above LIS HVE 2972 with bullish internals, buy towards HVEs 2980-2989 and PBTs 2990-2996.
B) If market moves below LIS HVE 2972 with bearish internals, sell towards LVN 2963 HVEs 2955-2948 and GAP 2942.
Tips: Overnight inventory is 100% bullish. The expected action is a counter-auction relative to overnight inventory; failure to see the counter-auction would be an indication of a potential trend day.
Today's Economic Calendar
10:00 Consumer Sentiment
01:00 PM Baker-Hughes Rig Count
01:15 PM Fed's Rosengren Speech
03:00 PM Fed's Kaplan Speech
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