Outlook 06/28

Context: Bounce Day. Europe's recouped of its losses, helping to lead U.S. futures sharply higher. Asia posted modest gains overnight. Heads of government of the EU's member countries are gathering for a two-day meeting of the European Council in Brussels. No country has ever left the bloc, so they are in uncharted territory as they try to figure out how to make Britain's divorce proceed as smoothly as possible.

Yesterday closed bearish towards 2072. Globex is bullish towards 2029, moving below value within 2021-1981 range.

Plan: It seems an open auction so first idea is to be a buyer around LVN-MID-VAH 1997-1994 towards CLVN-GAP 2021-2021.75 If that fails, I become a seller towards GAP 1985 and CLVN 2081.

Value References (/ESU6): VAH 1994 POC 1992.50 VAL 1984.50

Economic Data (ET): 8:30 GDP Q1, Corporate Profits; 8:55 Redbook Chain Store Sales; 9:00 S&P Case-Shiller Home Price Index; 10:00 Consumer Confidence, State Street Investor Confidence Index, Richmond Fed Mfg.

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.