Outlook 11/22: U.S. stock futures move between slight gains and losses overnight amid whipsawing expectations over reaching Phase One of a trade deal. China's President Xi said overnight he wants to resolve core concerns, but is not afraid to "fight back", while the WSJ reported that Beijing extended an invite to U.S. officials for a new round of 'face-to-face' talks to show a 'positive attitude' toward the trade talks.
/ESZ19 Value: YVAH 3106 YPOC 3101 YVAL 3098 GAP 3103.75
/ES Plan: Last session market closed balanced and overnight looks balanced but moving above Yesterday's value, so:
A) If market remains above LIS 3106 with bullish internals, buy towards ONH 3114.50 HVE 3120 ATH 3132.50 and PBT 3137.
B) If market moves below LIS 3106 with bearish internals, sell towards GAP 3103.75 ONL 3100.50 HVE 3097 and HVE 3090.
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
09:45 PMI Composite Flash
10:00 Consumer Sentiment
11:00 Kansas City Fed Mfg Survey
1:00 PM Baker-Hughes Rig Count
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