Outlook 09/13

Context: Fed Governor Lael Brainard said she wanted to see a stronger trend in U.S. consumer spending and evidence of rising inflation before the Fed raises rates, while Atlanta Fed President Dennis Lockhart said that economic data warrants a serious discussion about the speed and path of future hikes. The result: Policymakers will go into the September meeting pretty divided.

Plan: Globex is bearish, moving in value within 2138-2105. It seems an open auction, so first idea is to be a seller towards VAL 2127. If that fails, I become a buyer towards POC 2152.

Value References (/ESZ6): VAH 2156 POC 2152 VAL 2127

Economic Data (ET): 3:00 PM Federal Budget Balance.

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.