Shortened Week



Outlook 07/02: The week ahead will bring investors the beginning of July, the third quarter, and the second half of the year. It will also be a shortened week for investors, with U.S. equity markets open for a half day on Tuesday and closed on Wednesday for the 4th of July holiday. The economics calendar, however, will still be quite busy with the monthly jobs report set for release on Friday, while key readings on the manufacturing sector and the minutes from the Federal Reserve's latest meeting also set for release.

/ESU8 Value: YVAH 2745 YPOC 2737 YVAL 2728

/ES Plan: On Friday market closed bimodal (LIS 2733) and overnight shows a bearish profile (GBT 2686), moving below Friday's range, so we've these options:

A) If market remains below HVE 2710 with bearish internals, try to sell leaning on 2710-2709 towards ONL 2698.50 GAP 2691 and GBT 2686. 'Look above and fail' is a bearish signal.

B) If market starts to move above HVE 2710 with bullish internals, become a buyer above 2710 towards YLOD 2716 GAP 2722.25 and ONH 2728. 'Look below and fail' is a bullish signal.

Today's Economic Calendar

09:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending

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

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