Outlook 07/06

Context: Markets waiting for FED Minutes. The transcript from the Fed's June gathering will matter more than usual for investors. Since the conclave took place a week before the U.K.'s historic referendum, which briefly threw the financial markets into disarray, the minutes will provide extra clues to what the Fed felt about the economy prior to the Brexit vote. Other factors to watch: rate projections, a hiring slowdown, global forces and inflation.

Plan: Globex is bearish, moving below value within 2081-2061 range. It seems an open test drive so first idea is to be a seller using setups towards CLVN 2061. If that fails, I become a buyer to POC-GAP 2079-83.

Value References (/ESU6): VAH 2081 POC 2079 VAL 2075.50

Economic Data (ET): 9:45 Final Services PMI; 10:00 ISM Non-Manufacturing PMI; 2:00 PM FOMC Meeting Minutes.

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.