Outlook 04/17: U.S. stock futures were pointing to a strong gain for the Dow at Friday's open on a report that said Gilead Sciences' drug Remdesivir showed effectiveness in treating Covid-19. Other studies have shown remdesivir to be an effective treatment against the coronavirus. However, they have been smaller in scale. Gilead itself also cautioned that anecdotal reports are not enough to determine yet whether the drug will be an effective treatment.
/ESM20 Value: YVAH 2795 YPOC 2786 YVAL 2770 GAP 2787
/ES Plan: Yesterday market closed balanced, but overnight looks more bullish, moving above yesterday's value, so these're the options for today:
A) If market moves above LIS 2867 with bullish internals, buy towards ONH 2885 and HVEs 2889-2907-2918.
B) If market moves below LIS 2867 with bearish internals, sell towards HVEs 2845-2820 LVN 2800 and GAP 2787.
Note: Overnight inventory is 100% 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.
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