Outlook 07/11

Context: Markets set to open week in the green with the S&P 500 nearly a record high, triggered by Friday's strong jobs report. Some investors remain cautious in light of uncertainty about the Fed's plan for rates, upcoming U.S. elections and ripple effects from the Brexit.

Plan: Globex is bullish (GBT2136), moving above value within 2105-2134 range. It seems an open test drive so first idea is to be a buyer using RTH setups towards ATH 2134 and GBT 2136. If that fails, I become a seller towards CLVN 2105.

Value References (/ESU6): VAH 2124.75 POC 2122.25 VAL 2112.25

Economic Data (ET): 10:00 Labor market condition index; Fed's George.

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.