After Minutes

Outlook 02/21: US Stocks Futures move lower in the previous session after minutes from the Fed's last meeting reaffirmed that the U.S. central bank would be "patient" with respect to further interest rate hikes. Most FOMC officials also indicated they were ready to stop shrinking the central bank's $4.1T asset portfolio this year and believed an action plan should be released soon.

/ESH19 Value: YVAH 2786 YPOC 2783.5 YVAL 2780 GAP 2787

/ES Plan: Yesterday market closed balanced but overnight looks bearish moving within previous value, so we've these options:

A) If market remains below HVE 2784 with bearish internals, sell towards HVEs 2764-2758-2743 LVN 2734 and HVEs 2728-2719.

B) If market starts to move above LIS-LVN 2778 with bullish internals, become a buyer towards ONH 2782.25 and HVEs 2784-2796-2808.

Today's Economic Calendar

09:45 PMI Composite Flash
10:00 Leading Indicators
10:00 Existing Home Sales
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories

Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.

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