FOMC Minutes

Outlook 07/05: Minutes of the FOMC's June meeting will be released this afternoon. While the details are expected to show little support for suggestions that the central bank will pause from hiking interest rates, economists will be looking to see how much pushback there might have been from doves. There may also be clues about what it could take the Fed to deviate from its current pace of lifting rates each quarter.

/ESU8 Value: YVAH 2738 YPOC 2733 YVAL 2725

/ES Plan: After yesterday holiday, overnight shows a multimodal profile (LIS 2728), moving within Monday's range, so we've these options:

A) If market remains above LVN 2728 with bullish internals, become a buyer above 2728 towards HOD 2735.75 LVN 2746 and HVE 2754. 'Look below and fail' is a bullish signal.

B) If market starts to move below LVN 2728 with bearish internals, try to sell leaning on 2728 towards ONL 2713.25 and LVN 2700. 'Look above and fail' is a bearish signal.

Today's Economic Calendar

09:45 Bloomberg Consumer Comfort Index
10:00 ISM Manufacturing Index
02:00 PM FOMC Minutes

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

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