Outlook 09/12

Context: Futures are starting the week sharply lower, as concerns about tighter monetary policy and rising bond yields halt two months of calm summer trading. Some Fed members have been trying to convince markets that the September meeting would be "live" for a hike, even though futures only imply a one-in-four chance of a move.

Plan: Globex is bearish, moving below value within 2138-2105. It seems an open test drive, so first idea is to be a seller towards GAP-VPOC 2090. If that fails, I become a buyer towards POC 2130.

Value References (/ESZ6): VAH 2149 POC 2130 VAL 2121

Economic Data (ET): 8:00 Fed's Lockhart; 1:00 PM Fed's Kashkari and Brainard.

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.