Outlook 10/14

Context: Futures are sharply higher this morning, ahead of a flood of bank earnings. Fed-speak also figures prominently, with Fed Chair Janet Yellen speaking today. Key reports on the economy are also out.

Plan: Globex is bullish, moving above value within 2135-2150. It seems an open test drive, so first idea is to be a buyer towards CLVN 2150. If that fails, I become a seller towards VAL 2114.25

Value References (/ESZ6): VAH 2131.75 POC 2126.25 VAL 2114.25

Economic Data (ET): 10:00 Business Inventories, Consumer Sentiment; 12:30 PM Janet Yellen; 1:00 PM Baker-Hughes Rig Count.

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.