Outlook 01/13: U.S. stock futures were pointing to a rebound this morning that would erase most of Friday's losses, ahead of this week's signing of a U.S.-China phase one trade deal. Markets are monitoring trade deal as Chinese delegation is due to travel to Washington DC, Monday for the signing of the so-called phase one on Wednesday. The deal is expected to lower tariffs on some Chinese-made goods, as well as increase China’s purchases of U.S. agricultural products.
/ESH20 Value: YVAH 3284 YPOC 3281 YVAL 3272 GAP 3264.75
/ES Plan: Last session market closed bullish, and overnight continuous on that way, still moving inside Friday's value, so these're the options for today's regular trading session:
A) If market remains above LIS YVAL 3272 with bullish internals, buy towards ONH 3278.25 YVAH 3284 and ATH 3287.
B) If market moves below LIS YVAL 3272 with bearish internals, sell towards ONL 3265.50 GAP 3264.75 and HVE 3264.
Note: Remember that record highs has been printed overnight, so it's still pending to be revisited at regular trading hours.
Today's Economic Calendar
10:00 Fed's Rosengren Speech
12:40 PM Fed's Bostic Speech
02:00 PM Treasury Budget
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