Outlook 09/08

Context: Futures down after Draghi press conference. Contrary to at least a few expectations, the ECB didn't add to or extend its stimulus program at its policy meeting today. Nothing new. ECB will monitor developments and will provide accommodative policy with all available instruments, as necessary.

Plan: Globex is bearish, moving below value within 2172-2185. It seems an open auction, so first idea is to be a seller below VAH 2185 towards NFP Scene of Crime (SoC) 2165.75 closing GAP and VPOC. If that fails, I become a buyer towards all time highs.

Value References (/ESU6): VAH 2185 POC 2184.50 VAL 2180.50

Economic Data (ET): 9:45 Bloomberg Consumer Comfort Index; 10:00 Quarterly Services Report; 10:30 EIA Natural Gas Inventory; 11:00 EIA Petroleum Inventories; 3:00 PM Consumer Credit.

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.