Outlook 04/14: U.S. stock futures rise, following gains in most equities markets around the world, amid optimism that the coronavirus curve is flattening. European countries, among those Italy and Spain that have been some of the worst affected by the coronavirus, are now looking to lift some restrictions on public life as the number of new infections and daily deaths has declined.
/ESM20 Value: YVAH 2750 YPOC 2732 YVAL 2724 GAP 2759.75
/ES Plan: Yesterday market closed balanced, but overnight looks more bullish (PBT 2831), moving above yesterday's value, so these're the options for today:
A) If market remains above LIS LVN 2800 with bullish internals, buy towards ONH 2808 HVE 2820 PBT 2831 and HVEs 2845-2867.
B) If market moves below LIS LVN 2800 with bearish internals, sell towards LVN 2789 HVE 2775 LVN-GAP 2760 and ONL 2752.50
Note: Overnight inventory is 90% bullish. The expected action is a counter-auction relative to overnight inventory; failure to see the counter-auction would be an indication of a potential trend day.
Market Movers
11:05 Fed's Bullard: “COVID-19 Briefing”
12:30 PM Fed's Evans Speech
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