Outlook 01/15: U.S. stock index futures were little changed Wednesday morning as investors awaited the signing of the U.S.-China “Phase One” trade deal. Washington and Beijing are expected to make progress in their 18-month trade war today by signing the initial trade deal. But analysts have said there could be some volatility around the release of the details. Stocks were rattled, when Bloomberg Tuesday afternoon reported that tariffs were not expected to be lifted until phase-two.
/ESH20 Value: YVAH 3288 YPOC 3285 YVAL 3281 GAP 3287.50
/ES Plan: Last session market closed balanced, and overnight continues on that way, moving inside yesterday's value, so these're the options for today's regular trading session:
A) If market remains below LIS YVAL 3281 with bearish internals, sell towards ONL 3277.75 YHOD 3275 and GAP 3264.75.
B) If market moves above LIS 3281 with bullish internals, buy towards GAP 3287.50 ONH 3288.50 ATH 3296.75 PBT 3301.
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 Atlanta Fed's Business Inflation Expectations
10:30 EIA Petroleum Inventories
11:00 Fed's Harker Speech
11:30 Phase One Trade Deal
12:00 PM Fed's Kaplan Speech
02:00 PM Fed's Beige Book
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