Outlook 11/06: U.S. stock futures are now holding steady, consolidating gains made over the last three sessions due to lingering concerns over the outcome of U.S.-China trade talks. Traders are also preparing for the latest round of earnings, including Qualcomm, as FactSet data indicates that 75% of SP500 companies which reported thus far have topped analyst expectations.
/ESZ19 Value: YVAH 3078 YPOC 3075 YVAL 3071 GAP 3071.75
/ES Plan: Last session market closed leaving a bearish imbalance but overnight looks more balanced, moving within yesterday's value, so:
A) If market remains below LIS YVAH 3078 with bearish internals, sell towards GAP 3071.75 and ONL 3067.50
B) If market moves above LIS YVAH 3078 with bullish internals, buy towards ATH 3085.75 and PBT 3091.
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 Williams Speech
10:30 EIA Petroleum Inventories
01:00 PM 10-Year Note Auction
03:15 PM Fed's Harker Speech
06:30 PM Fed's Williams Speech
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