Outlook 06/29: U.S. stock futures rise slightly printing a new record high after big tech and growth stocks led the market higher on Monday as the reflation trade took a backseat. Traders are now wondering if that will be the case going forward after the Fed caught some off-guard two weeks ago when it projected earlier rate hikes than it had previously forecast. Trading volumes could also be lower, with many traders taking an early vacation ahead of the July 4 weekend.
/ESU21: YVAH 4276 YPOC 4273 YVAL 4267 GAP 4280.50
/ES Plan: Yesterday market closed balanced, but overnight printed a new record high so these are the initial balance options for today:
A) If market remains above YHOD 4282 with bullish internals, buy towards ATH-ONH 4283.25 and PBT 4287.
B) If market moves below YHOD 4282 with bearish internals, sell towards GAP 4280 YVAH 4276 and ONL 4271.75.
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 Consumer Confidence
Follow updates using TweetDeck. Primary twitter language is English.
Follow the market news and listen to the order flow via FinancialJuice.
Questions via twitter direct message (RTH)
