2700 Returns

Outlook 05/10: U.S. stock indexes could be ready to cinch the longest winning streak since February, with U.S. stock futures rising ahead of inflation data that could help decide the path of future FED policy.

/ESM8 Value: YVAH 2700 YPOC 2696 YVAL 2679

/ES Plan: Yesterday market closed bullish (PBT 2721) but overnight inventory is balanced, moving above yesterday's value, so as usual, we've these options:

A) If market remains above YVAH 2700 with bullish internals, be a buyer leaning on 2700-2702 towards ONH 2706 HVE-PBT-GAP 2710 and HVE-PBT 2721. 'Look below and fail' is a signal of strength.

B) If market starts to move below YVAH 2700 with bearish internals, become a seller leaning on 2700 towards GAP-YPOC 2696 ONL 2692.75 and YVAL 2679. 'Look above and fail' is a signal of weakness.

Tips: Watch volume profile imbalance plus VWAP and ADSPD slopes correlation to confirm market bias.

Today's Economic Calendar

09:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
01:00 PM 30-Year Note Auction
02:00 PM Treasury Budget

Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.

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