Outlook 08/24: U.S. stock futures rallied in early trading on Monday as market tries to build on a record-setting week. Gains in tech shares and some developments on coronavirus treatments were behind the bullish sentiment. Apple shares rose 2% in premarket trading. Amazon and Microsoft shares were also higher. Monday’s early gains come as the number of new coronavirus cases continues to decline in the U.S..
/ESU20 Value: YVAH 3391 YPOC 3386 YVAL 3375 GAP 3392.50
/ES Plan: Last session market closed bullish, and overnight continues on that way, moving above Friday's range, so these are the initial balance options for today's opening:
A) If market remains above LIS 3418 with bullish internals, buy towards ONH 3424 and PBT 3449.
B) If market moves below LIS 3418 with bearish internals, sell towards HVE 3398 and GAP 3392.50
Note: 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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