Outlook 09/30

Context: Deutsche Bank -4% in Frankfurt, as worrying headlines continue to surface and traders fear contagion due to its position at the heart of world finance. A report yesterday suggested a number of hedge funds were cutting back their exposure to the lender, coming on top of a $14B fine the DOJ wants Deutsche to pay and suggestions the German government won't be helping the ailing bank.

Plan: Globex is balanced, moving in value within 2151-2138. It seems an open auction, so first idea is to be a buyer towards VAH 2159.50 and GAP 2168.25 If that fails, I become a seller towards GAP 2131.

Value References (/ESZ6): VAH 2159.50 POC 2146 VAL 2137.50

Economic Data (ET): 10:00 Consumer sentiment; 1:00 PM Baker-Hughes Rig Count; 1:00 PM Fed's Kaplan.

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.