Outlook 09/20

Context: Futures are heading higher as traders focus on the upcoming policy announcements from the Federal Reserve and Bank of Japan. While the Fed is widely anticipated to leave interest rates unchanged, expectations for the BOJ are more mixed, with investors split on whether it will cut rates further into negative territory, alter its bond purchase program or signal a shift in monetary policy. Both decisions will come tomorrow.

Plan: Globex is bullish, moving in value within 2138-2151. It seems an open auction, so first idea is to be a buyer towards GAP-CLVN 2151. If that fails, I become a seller towards GAP 2113.

Value References (/ESZ6): VAH 2141 POC 2136 VAL 2128

Economic Data (ET): FOMC meeting begins.

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.