Outlook 01/06: U.S. stock futures are pointing to another sharply lower open following the market's worst day in a month, as traders continue to monitor tensions with Iran. Additionally, international oil prices rose a further 1.5% on Monday, pushing Brent briefly above $70 a barrel, as rhetoric from the U.S., Iran and Iraq fanned tensions in the Middle East after a U.S. airstrike that killed a top Iranian military commander.
/ESH20 Value: YVAH 3244 YPOC 3235 YVAL 3232 GAP 3235.25
/ES Plan: Last session market closed balanced, but overnight looks more bearish, moving below Friday's value, so these're the options for today's regular trading session:
A) If market remains below LIS HVE 3222 with bearish internals, sell towards ONL 3208.75 PBT 3200 and HVE 3189.
B) If market moves above HVE 3222 with bullish internals, buy towards HVE-ONH 3230 GAP 3235.25 and YVAH 3244.
Note: Professional traders are expected back at their desk, so Today is the real start of 2020. Remember that record highs has been printed overnight, so it's still pending to be revisited at regular trading hours.
Today's Economic Calendar
09:45 PMI Services Index
12:30 PM TD Ameritrade IMX
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