Outlook 11/01: U.S. stock futures after Jobs report. Nonfarm payrolls rose by 128,000 in October as the U.S. economy overcame the weight of the autoworkers’ strike and created jobs at a pace well above expectations. The report helps further quell worries that the U.S. economy is teetering toward recession and helps affirm the assessment from most Federal Reserve officials.
/ESZ19 Value: YVAH 3036 YPOC 3027 YVAL 3023 GAP 3035.75
/ES Plan: Yesterday market closed leaving a bearish imbalance but overnight bounces after Jobs report, moving above Yesterday's value, so:
A) If market remains above LIS 3045 with bullish internals, buy towards ONH 3049.75 and ATH 3055.
B) If market moves below LIS 3045 with bearish internals, sell towards YVAH-GAP 3036 and ONL 3033.
Tips: Remember that new highs printed during ETH sessions should be revisited at NYSE regular trading hours (RTH).
Today's Economic Calendar
09:30 Fed's Kaplan Speech
09:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
12:00 PM Fed's Williams Speech
01:00 PM Baker-Hughes Rig Count
01:00 PM Fed’s Clarida Speech
01:00 PM Fed's Quarles Speech
01:00 PM Fed's Mary Speech
02:30 PM Fed's Williams Speech
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