Outlook 07/19

Context: Markets set for slightly lower open as earnings season revs up. Yahoo is lower by -2% premarket after reporting a lame quarter, and Netflix is down -12.5%. Johnson & Johnson is higher by +2.3% after is earnings this morning. Still to come before the bell is Goldman Sachs.

Plan: Globex is bearish, moving below value within 2138-2168 range. It seems an open auction in range so first idea is to be a seller towards GAPs 2152.50 and 2145.75 If that idea fails, I become a buyer towards VPOC 2161 VAH 2162 and ATH 2168.

Value References (/ESU6): VAH 2162 POC 2161 VAL 2158.50

Economic Data (ET): 8:30 Housing Starts; 8:55 Redbook Chain Store Sales.

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.