Outlook 09/06

Context: Futures have started the week flat after Friday's muted U.S. jobs report fueled expectations the Fed may refrain from raising interest rates later this month. The unemployment report was not weak enough to completely undermine the Fed's hawkish bias since Jackson Hole. It was probably enough to see fence-sitters on the FOMC wait until December before voting to hike interest rates.

Plan: Globex is balanced, moving in value within 2172-2185. Fair Value (FV) 2178.50 It seems an open auction, so first idea is to be a seller below VAH 2180.50 towards NFP Scene of Crime (SoC) 2165.75 closing GAP and POC. If that fails, I become a buyer towards CLVN 2185.

Value References (/ESU6): VAH 2180.50 POC 2178.50 VAL 2175.50

Economic Data (ET): 9:45 PMI Services Index; 10:00 ISM Non-Manufacturing Index, Labor market condition index; 12:30 PM TD Ameritrade IMX; 2:00 PM Gallup US ECI; 8:30 PM Fed's Williams.

Notice: Trading process and plan are based on the Auction Theory.

Warning: Trading Futures invoholds, Ilves 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.