Outlook 11/26: Signs of trade progress on Monday helped propel U.S. indices to new records. Futures have pulled back a bit now, as leaders of the U.S.-China trade negotiations held another phone call on Tuesday morning. Investors today are also eyeing the U.S. data front, with new home sales expected to jump and consumer confidence figures on tap.
/ESZ19 Value: YVAH 3133 YPOC 3129 YVAL 3126 GAP 3132.50
/ES Plan: Last session market closed leaving a bullish imbalance (PBT 3142) which has been repaired overnight. Pre-market session looks more bearish (PBT 3123), so these are today's options:
A) If market remains below LIS HVE 3133 with bearish internals, sell towards ONL 3128 and PBT 3123.
B) If market moves above LIS HVE-YVAH 3133 with bullish internals, buy towards ONH and ATH 3145.
Tips: Remember that new highs printed during ETH sessions should be revisited at NYSE regular trading hours (RTH).
Today's Economic Calendar
10:00 Consumer Confidence
10:00 New Home Sales
10:00 Richmond Fed Mfg.
01:00 PM 5-Year Note Auction
01:00 PM Fed's Brainard Speech
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