Outlook 11/12: U.S. stock futures were pointing to a modestly higher open. President Donald Trump speaks at the Economic Club of New York where he could give clues to the status of trade talks between U.S. and China. Market players remain focused on China-U.S. trade news, amid some concerns regarding plans to sign a trade deal in the coming weeks.
/ESZ19 Value: YVAH 3087 YPOC 3082 YVAL 3080 GAP 3087.75
/ES Plan: Last session market closed balanced but overnight looks more bullish, moving a few ticks above Yesterday's value, so:
A) If market remains above LIS YVAH 3087 with bullish internals, buy towards GAP 3090.25 ONH 3094 and ATH 3097.
B) If market moves below YVAH 3087 with bearish internals, sell towards ONL 3081.25 YLOD 3074.50 and HVE 3066.
Note: No major economic reports are out today, but it's a busy day for Federal Reserve members. Fed Vice Chair Richard Clarida, Philadelphia Fed President Patrick Harker, Minneapolis Fed President Neel Kashkari and Richmond Fed President Tom Barkin all make public appearances.
Today's Economic Calendar
12:00PM Richmond Fed Barkin speech
12:00PM President Donald Trump speech
06:00PM Minneapolis Fed Kashkari Speech
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