Outlook 07/18

Context: Markets modestly higher to start the 'earnings week'. More than 90 of the biggest U.S. companies will report results this week, giving a clearer picture of what is expected to be the fourth straight quarter of declining profits for companies in the S&P 500 index.

Plan: Globex is balanced, moving in value within 2138-2168 range. It seems an open auction in range so first idea is to be a seller towards GAP-VAL 2152.50-2151.50 and VPOC-GAP 2147-2145.75 If that fails I become a buyer towards ATH 2168.

Value References (/ESU6): VAH 2159.50 POC 2154.50 VAL 2151.50

Economic Data (ET): 10:00 NAHB Housing Market Index; 4:00 PM Treasury International Capital.

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.