Outlook 07/14

Context: Opening gains in store even as BoE refrains from rate cut. The U.S. economy shouldn't sustain much damage from the Brexit vote and may warrant as many as two interest-rate increases before the end of the year, said Philly Fed President Patrick Harker.

Plan: Globex is bullish (GBT2176), moving above value within 2138-2168 auction range. It seems an open auction out of range so first idea is to be a buyer using RTH setups towards ATH 2168 and GBT 2176. If that fails, I become a seller towards POC-GAP 2146 and CLVN 2138.

Value References (/ESU6): VAH 2147.50 POC 2146 VAL 2143.50

Economic Data (ET): 9:45 Bloomberg Consumer Comfort Index; 10:00 Fed's Bullard; 10:30 EIA Natural Gas Inventory; 11:15 Fed's Lockhart; 1:15 PM Fed's George; 7:00 PM Fed's Kaplan.

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.