Outlook 10/18

Context: Futures are higher this morning. Fed Vice-Chair Stanley Fischer said yesterday that the central bank is "very close" to its targets of full U.S. employment and 2% inflation. Fischer also expressed concerns about low interest rates.

Plan: Globex is bullish, moving above value within 2135-2151. It seems an open test drive, so first idea is to be a buyer towards CLVN 2151. If that fails, I become a seller towards VAH 2125

Value References (/ESZ6): VAH 2125 POC 2120.50 VAL 2120

Economic Data (ET): 10:00 NAHB Housing Market Index.

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.