Flat Monday

Outlook 06/07: U.S. stock futures were relatively flat Monday as it became more likely that the Fed could raise interest rates earlier than expected. Fresh off her return from the G7 finance minister meeting in London, Treasury Secretary Janet Yellen went on Bloomberg News with a message that Biden should push ahead with his infrastructure plans valued at $4T, even if that pushes inflation into 2022. While the Fed is "operationally independent" from the Treasury, their roles have been becoming more enmeshed since the coronavirus crisis.

/ESM21: YVAH 4232 YPOC 4228 YVAL 4214 GAP 4226

/ES Plan: Last session market closed bullish, but overnight looks more balanced, moving within Friday's value so these are the initial balance options for today:

A) If market remains above YPOC 4228 with bullish internals, buy towards HVE 4233 ATH 4238 and PBTs 4248-4261.

B) If market moves below YPOC 4228 with bearish internals, sell towards ONL-YVAL 4214 HVE 4213 and GAP 4189.

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

Market Movers

12:30 PM Investor Movement Index

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