Outlook 12/31: U.S. stock futures are pointing to a lower open for 2019's final trading day. Futures dipped after President Donald Trump tweeted Iran was responsible for an attack on the U.S. embassy in Iraq. The SP500 entered Tuesday’s session up 28.5% for 2019, on pace for its biggest one-year gain since 2013, when it rallied 29.6%. Today's session also marked the final trading day of the decade. Over the past 10 years, the SP500 has surged more than +188%.
/ESH20 Value: YVAH 3230 YPOC 3224 YVAL 3219 GAP 3223.25
/ES Plan: Last session market closed bearish (PBT 3232) but overnight looks more balanced, still moving within Friday's value, so these're the options for today's regular trading session:
A) If market remains below YVAL 3219 with bearish internals, sell towards GAP 3211.75 and PBT 3204.
B) If market moves above YVAL 3219 with bullish internals, buy towards GAP 3223.25 and and HVE 3230.
Note: Remember that new record high printed during ETH session should be revisited at RTH session. Market needs an excess high to call an end to the current bullish auction. Stats say that "Santa Claus Rally" is still into play till January 06, 2020.
Today's Economic Calendar
10:00 Consumer Confidence
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