Outlook 04/24: U.S. stock futures pointed to bullish open, with President Trump scheduled to pass the follow-on bill for the Cares Act and 16 states unveiling plans to lift coronavirus restrictions. Data yesterday showed 4.4 million Americans filed for unemployment benefits last week, bringing the 5-week total to more than 26 million and wiping out all job gains since the global financial crisis.
/ESM20 Value: YVAH 2818 YPOC 2800 YVAL 2786 GAP 2781.50
/ES Plan: Yesterday market closed balanced, but overnight looks slight bullish, but still moving within yesterday's value, so these are the initial balance options for today's opening:
A) If market remains above LIS LVN 2800 with bullish internals, buy towards ONH 2811.75 HVEs 2820-2841 and PBT 2848.
B) If market moves below LIS 2800 with bearish internals, sell towards GAP 2781.50 LVNs 2760-2744 and ONL 2755.25.
Note: Overnight looks balanced, moving within yesterday's value, so don't be 'too anxious' to trade early in the morning. If we're within a value range we want to have some patience until market breaks value.
Market Movers
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