Outlook 07/15

Context: Markets take a temporary pause in the global rally after terrorists strike again in France. Three Fed policymakers, James Bullard, Robert Kaplan and Dennis Lockhart, all expressed the view yesterday that there's no hurry to raise interest rates in the wake of the Brexit vote, despite signs that the U.S. is near full employment. Kansas City Fed President Esther George differed on the outlook, stating she would keep an eye on recent market volatility, but stressed that rates were too low for the strength of the economy.

Plan: Globex is balanced, moving in value within 2138-2168 range. It seems an open auction in range so first idea is buying above 2150 towards ATH 2168. if that fails, I become a seller towards GAP 2145.75 and CLVN 2138.

Value References (/ESU6): VAH 2160.75 POC 2158.25 VAL 2156.75

Economic Data (ET): 8:30 CPI, Retail Sales, Empire State Manufacturing Index; 9:15 Industrial Production; 10:00 Prelim UoM Consumer Sentiment, Business Inventories, UoM Inflation Expectations.

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.