Outlook 06/25: U.S. stock futures rise slightly printing a new record high. A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s. Though the gain was the biggest in nearly 30 years, and markets reacted little to the news. Though the reading could add to inflation concerns, Fed officials continue to insist that they see the current situation as temporary and likely to abate as conditions return to normal.
/ESU21: YVAH 4259 YPOC 4257 YVAL 4253 GAP 4258.50
/ES Plan: Yesterday market closed bullish, but overnight looks more balanced, still moving above yesterday's value so these are the initial balance options for today:
A) If market remains above HVE 4259 with bullish internals, buy towards ATH-ONH 4265.50 and PBT 4272.
B) If market moves below HVE 4259 with bearish internals, sell towards ONL 4253.50 HVE 4250 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
10:00 Michigan Consumer Sentiment (Jun)
1 PM U.S. Baker Hughes Oil Rig Count
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