ATH in sight

Outlook 06/08: U.S. stock futures  rose slightly on Tuesday as the benchmark makes another attempt at a record. Markets are awaiting new inflation signals later this week following Friday’s jobs report. May’s consumer price index is set to be released Thursday, expecting the CPI to rise 4.7% from a year earlier. In April, the CPI increased 4.2% on an annual basis, the fastest rise since 2008. All eyes are on the next Federal Open Market Committee meeting scheduled for June 15-16 as investors look for what Fed officials will say about inflation and monetary policy. Recent comments by officials suggest the Fed is beginning to prepare markets for tapering its asset purchases.

/ESM21: YVAH 4225 YPOC 4219 YVAL 4216 GAP 4226

/ES Plan: Last session market closed bullish, and overnight continues on that way, moving above yesterday's value so these are the initial balance options for today:

A) If market remains above HVE 4233 with bullish internals, buy towards ONH 4236.75 ATH 4238 and PBTs 4248-4261.

B) If market moves below HVE 4233 with bearish internals, sell towards GAP 4226 YVAH 4225 and HVEs 4219-4213.

Note: Remember that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours.

Market Movers

10:00 Job Openings and Labor Turnover Survey

1:00 PM 3-Year Note Auction

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