Soft Brexit

Outlook 07/09: Stock futures hit a two-week high on Monday as favorable U.S. jobs data whetted risk appetites, while sterling brushed off the resignation of two ministers over Britain's departure from the EU, with traders focused on the likelihood of a "soft Brexit".

/ESU8 Value: YVAH 2766 YPOC 2762 YVAL 2753

/ES Plan: Friday closed bullish (PBT 2793). Overnight also shows a bullish profile (GBT 2783), moving above Friday's range, so we've these options:

A) If market remains above LIS 2770 with bullish internals, become a buyer above 2770 towards ONH 2775.25 PBT 2779 GBT 2783 and GAP 2789. 'Look below and fail' is a bullish signal.

B) If market starts to move below LIS 2770 with bearish internals, try to sell leaning on 2770 towards YVAH 2766 POC 2762 and ONL 2761.75 'Look above and fail' is a bearish signal.

Today's Economic Calendar

09:10 Fed's Kashkari speech
12:30 PM TD Ameritrade IMX
03:00 PM Consumer Credit

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

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