Outlook 06/14

Context: The Federal Open Market Committee is set to begin a two-day meeting on interest rate policy. Traders will eye a fresh batch of economic projections and remain focused on when the Fed will next raise rates, although they are discounting any chance the central bank will act at the gathering. Expectations fell significantly after June's dismal employment report, which set off fresh concerns about the strength of the economy.

Yesterday closed balanced. Globex is bearish towards 2055 (GBT), moving below value within 2081-2061 auction range.

Plan: It seems an open test drive so first idea is to be a seller around LVN-VAL 2075-2076 towards GBT 2055. If this first idea fails, I become a buyer towards POC-VAH 2079-2087.

Value References (/ESU6): VAH 2087 POC 2079 VAL 2076

Economic Data (ET): 10:00 Business Inventories.

Notice: Trading process and plan are based on the Auction Theory.

Warning: Trading Futures involves substantial risk of loss and is not suitable for all investors. The past performance is not necessarily indicative of future results. All the information on this website is for educational purposes and is not intended to provide financial advice.