Outlook 06/27: Futures go positive as Trump tech-related crackdown on China is less strict than feared. President Donals Trump is suggesting his administration may back away from previously announced plans to impose limits on Chinese investment in US tech-companies and high-tech exports to China, instead choosing to call upon Congress to act.
/ESU8 Value: YVAH 2730 YPOC 2725 YVAL 2721
/ES Plan: Yesterday market closed balanced and overnight shows a bimodal profile (LIS 2725), moving above yesterday's value, so we've these options:
A) If market remains above LIS 2725 with bullish internals, become a buyer above 2725 towards ONH 2733.75 LVN 2739 and HVE 2747. 'Look below and fail' is a bullish signal.
B) If market starts to move below LIS 2725 with bearish internals, sell leaning on 2725 towards YVAL 2721 HVE 2710 and ONL 2705. 'Look above and fail' is a bearish signal.
Today's Economic Calendar
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
11:00 Randal Quarles Speech
12:15 PM Fed's Rosengren Speech
01:00 PM 5-Year Note Auction
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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