Outlook 11/21: U.S. stock futures move between slight gains and losses overnight. Reuters suggested that a so-called Phase One agreement between the U.S. and China may not be completed until next year, though China's foreign ministry attempted to allay fears that talks might be unraveling. Meanwhile, the U.S. House of Representatives passed two bills intended to support protestors in Hong Kong, prompting Beijing to accuse the U.S. of interfering in domestic affairs.
/ESZ19 Value: YVAH 3117 YPOC 3114 YVAL 3103 GAP 3108.75
/ES Plan: Last session market closed bimodal (LIS 3110) but overnight looks more balanced, still moving within Yesterday's value, so:
A) If market remains above LIS 3110 with bullish internals, buy towards ONH 3114.50 HVE 3120 ATH 3132.50 and PBT 3137.
B) If market moves below LIS 3110 with bearish internals, sell towards YVAL 3103 HVE 3097 ONL 3091.25 and HVE 3074.
Tips: New record high was printed at overnight session. Remember that new highs printed during ETH sessions should be revisited at NYSE RTH.
Today's Economic Calendar
10:00 Existing Home Sales
10:00 Leading Indicators
10:10 Fed's Kashkari Speech
10:30 EIA Natural Gas Inventory
04:30 PM Money Supply
04:30 PM Fed Balance Sheet
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