Outlook 09/26

Context: Markets are getting jittery ahead of a week that could shake up the financial markets. The presidential debate and OPEC could spur some volatility, while a rush of consumer, manufacturing and other data may reveal whether the U.S. economy is really beginning to struggle. After holding off on a rate hike last Wednesday, the Fed will also keep itself on the radar, with testimony from Janet Yellen and a fresh round of speeches from regional presidents.

Plan: Globex is bearish, moving below value within 2151-2138. It seems an open test drive, so first idea is to be a seller below CLVN 2151 towards CLVN 2138. If that fails, I become a buyer towards GAP 2168.25

Value References (/ESZ6): VAH 2163.50 POC 2158.50 VAL 2157

Economic Data (ET): 9:30 Fed's Kashkari; 10:00 New Home Sales; 10:30 Dallas Fed Manufacturing Survey.

Notice: Trading process and plan are based on the Auction Theory.

Warning: Trading Futures involves 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.