Outlook 09/01: U.S. stock futures were pointing to a mixed opening. The tech-rich Nasdaq was tracking for the most robust advance of the three major U.S. stock benchmarks to start the new month. Tech shares led by Apple and Tesla were jumping in the premarket. The stocks rose on Monday following stock splits that appear to be causing investors to snap up the shares. Markets are awaiting a key monthly jobs report on Friday, which is forecast to show payrolls continued to rebound in August.
/ESU20 Value: YVAH 3508 YPOC 3503 YVAL 3497 GAP 3497.50
/ES Plan: Last session market closed balanced, and overnight continues on that way, moving within yesterday's value, so these are the initial balance options for today's opening:
A) If market moves below LIS YVAL 3497 with bearish internals, sell towards ONL 3484.25 and HVE 3483.
B) If market moves above LIS YVAL 3497 with bullish internals, buy towards HVE 3510 and ATH 3524.50
Note: Remember that record high has been printed overnight, so it's still pending to be revisited at regular trading hours. Watching at the bigger picture, new ATH leaves an excess high and that anomaly opens the gate for a major reversal.
Market Movers
09:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
01:00 PM Fed's Brainard Speech
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