Outlook 02/10: U.S. stock index futures were little changed on Monday as investors assess the economic impact of the coronavirus outbreak in China. Global markets are treading cautiously after 97 people died from the coronavirus in China on Sunday. President Xi Jinping said China would speed up development of drugs aimed at treating pneumonia-like viruses. Xi also said China will win the fight against the coronavirus.
/ESH20 Value: YVAH 3336 YPOC 3327 YVAL 3324 GAP 3326
/ES Plan: Last session market closed bearish. Overnight looks more balanced after Friday's imbalance repair, still moving inside Friday's range, so these're the options for today's regular trading session:
A) If market remains above LIS YLOD 3320 with bullish internal, buy towards ONH 3334.50 and GAP 3345.25.
B) If market moves below LIS YLOD HVE 3320 with bearish internal, sell towards ONL 3303.50 and HVE 3298.
Note: Remember that new record high (ATH) has been printed overnight, so it's still pending to be revisited at NYSE regular trading hours.
Today's Economic Calendar
11:30 AM FED Bowman speech
12:30 PM TD Ameritrade IMX
02:00 PM FED Harker speech
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