Outlook 09/15: U.S. stock futures are pointing to another green session after the market kicked off the week with a broad-based rally. The Federal Reserve is set to begin a two-day policy meeting, where it is expected to maintain a dovish stance after earlier saying it will shift to a more relaxed approach on inflation. Apple investors and customers today will be watching the company's annual September iPhone event, which starts at 1pm ET, but probably won't feature the iPhone at all. Calling it "Time Flies," the company is likely to reveal its latest watch and an updated iPad, but delay its 5G phone.
/ESZ20 Value: YVAH 3390 YPOC 3386 YVAL 3372 GAP 3372
/ES Plan: Yesterday market closed bullish (PBT 3435), and overnight continues on that way, moving above Yesterday's range, so these are the initial balance options for today's opening:
A) If market remains above LIS HVE 3998 with bullish internals, buy towards ONH 3406.25 PBT 3435 and HVE 3449.
B) If market moves below LIS HVE 3998 with bearish internals, sell towards HVE 3383 GAP 3372 and ONL 3366.25
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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