Outlook 07/03

Context: Tesla premarket shares up 3 percent as CEO Elon Musk says Model 3 passes all tests. The EU and Japan were nearing a trade deal on Saturday, but there were still gaps to overcome as two of America's biggest economic competitors look to bolster international commerce. The framework of an agreement was within reach, according to Japanese Foreign Minister Fumio Kishida, saying he was willing to go to Brussels to complete the pact before this weekend's G20 summit.

Plan: /ES Friday RTH closed bearish but overnight profile is bullish. We are opening above Friday's value and volume is bullish so first idea is to wait long signals around VWAP-YVAH 2428-26 looking for HVN-BT 2434-35. If market fails at YVAH, I become a seller towards Friday's POC 2421, YVAL 2419, and pending balanced target 2412.

Today's Economic Calendar

9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending

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