Outlook 07/10: Stock markets kicked off July’s first full week of trading with a strong start. Today, the economics calendar will bring investors the May report on job openings, and comes after Friday's strong June jobs report showed the economy continues to create more than 200,000 jobs per month.
/ESU8 Value: YVAH 2787 YPOC 2783 YVAL 2779
/ES Plan: Yesterday closed bullish (PBT 2807). Overnight shows a balanced profile, moving above yesterday's range, so we've these options:
A) If market remains above YHOD 2788 with bullish internals, become a buyer above 2788-87 towards ONH 2797.75 PBT 2801 and PBT 2807. 'Look below and fail' is a bullish signal.
B) If market starts to move below YHOD 2788 with bearish internals, try to sell leaning on 2787 towards YVAL-LVN 2779 and HVE 2772. 'Look above and fail' is a bearish signal.
Today's Economic Calendar
10:00 JOLTS Job Openings
01:00 PM 3-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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