ATH in sight

Outlook 06/24: U.S. stock futures rise slightly after initial claims for unemployment insurance remained elevated last week as employers struggled to fill a record amount of job openings. First-time filings totaled 411,000 for the week ended June 19, a slight decrease from the previous total of 418,000 and worse than the 380,000 estimated. Traders are also monitoring infrastructure package negotiations. A bipartisan group of Senators that have made progress on a plan will meet President Joe Biden at the White House Thursday 11am ET. 

/ESU21: YVAH 4242 YPOC 4238 YVAL 4236 GAP 4233.50

/ES Plan: Yesterday market closed bearish, but overnight looks more bullish (PBT 4272), moving above yesterday's range so these are the initial balance options for today:

A) If market remains above HVE 4249 with bullish internals, buy towards  ONH 4254.50 ATH 4258.25 and PBT 4272. 

B) If market moves below HVE 4249 with bearish internals, sell towards YVAH 4242 YPOC 4238 and GAP 4233.50

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

Market Movers

10:30 EIA Natural Gas Inventory

11:00 Kansas City Fed Mfg Survey

11:00 Fed's Williams Speech

1:00 PM Fed's Kaplan Speech

1:00 PM Fed's Bullard Speech

1:00 PM 7-Year Note Auction

4:30 PM Fed Balance Sheet

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