Outlook 08/10

Context: Futures point to flat open. Bank of England's new bond-buying program ran into trouble on its second day, as yield-hungry pension funds and insurers refused offers to sell gilts to the central bank.

Plan: Globex is bullish, moving in value within 2139-2183. Yesterday closed bullish imbalanced, so first idea is to be a buyer above VAL 2176 towards PBT 2190. If that fails, I become a seller towards GAP 2159.

Value References (/ESU6): VAH 2182.75 POC 2181.75 VAL 2176.75

Economic Data (ET): 10:00 JOLTS; 10:30 EIA Petroleum Inventories

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.