Outlook 09/21

Context: Markets are now shifting their focus to the Federal Reserve, which is scheduled to release its policy statement and updated summary of economic projections at 2 p.m. ET. Chairwoman Janet Yellen will hold her press conference a half hour later. With weaker-than-expected economic data prompting many to call off bets on a rate hike, investors will be looking for signals about where borrowing costs are headed in the months and years ahead.

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 2140 POC 2136.50 VAL 2133.50

Economic Data (ET): 10:30 EIA Petroleum Inventories; 2:00 PM FOMC Announcement; 2:00 PM Chairman Press Conference.

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.