Outlook 11/11: U.S. stock futures were pointing to a lower open for the Monday session, potentially interrupting a very bullish run for stocks. U.S. stocks are open for regular trading today, but the Veterans Day holiday will see the bond market, banks and government offices closed.
/ESZ19 Value: YVAH 3087 YPOC 3084 YVAL 3079 GAP 3090.25
/ES Plan: Last session market closed balanced but overnight looks more bearish (PBT 3066), moving below Friday's value, so:
A) If market remains below LIS 3079 with bearish internals, sell towards YLOD 3072.50 and HVE-PBT 3066.
B) If market moves above LIS 3079 with bullish internals, buy towards GAP 3090.25 ONH 3092.25 and ATH 3097
Note: U.S. stock markets are open for trading. However, bonds markets, Federal Reserve Banks, and many of the nation banking institutions will be closed in observance of Veterans Day.
Tips: Usually, markets tend to be thin on U.S. Banks Holidays. The overnight high and low will be key references on the RTH morning session. Statistics favor an inside rotational day.
Today's Economic Calendar
No event scheduled due Veterans day. Bonds market closed.
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