Outlook 08/11

Context: Futures point to bullish open. Asia was little-changed, and Europe is up modestly at midday. Among the premarket movers is Alibaba, up 4% after its results topped expectations; Shake Shack is down 6.7% despite an earnings beat and guidance boost. Crude oil and gold are about flat, and 10-year U.S. Treasury yield is up to 1.518%.

Plan: Globex is bullish (GBT 2183), moving above value within 2139-2183 range. The big picture shows bullish imbalance towards 2190, so first idea is to be a buyer above VAH 2175.75 towards VPOC 2181.75 and BT 2190. If that fails, I become a seller towards VAL 2168.25 and GAP 2159.

Value References (/ESU6): VAH 2175.75 POC 2172.75 VAL 2168.25

Economic Data (ET): 9:45 Bloomberg Consumer Comfort Index; 10:30 EIA Natural Gas Inventory

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.