Outlook 08/16

Context: Central bankers and governments must come up with new policies to buffer their economies against persistently low interest rates that threaten to make future recessions more difficult to avoid, according to San Francisco Fed President John Williams.

Plan: Globex is balanced, moving below value within 2173-2185 range. It seems an open auction out of range, so first idea is to be a seller below VAL 2187, using profile setups towards CLVN-GAP 2173-2172.75. If that fails, I become a buyer towards VAH 2190.50

Value References (/ESU6): VAH 2190.50 POC 2189.50 VAL 2187

Economic Data (ET): 10:00 E-Commerce Retail Sales; 12:30 PM Fed's Lockhart speech.

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.