Senate vote

Outlook 07/21: U.S. stock futures continue to recover from an early-week selloff that was prompted by fears surrounding the rapidly spreading Delta variant. Treasury yields, which also sunk at the beginning of the week, are climbing again after the 10-year rate hit a five-month low below 1.2% as investors continue to assess their views on COVID variants and inflation. Elsewhere, a $1.2T bipartisan infrastructure bill will face an initial procedural floor vote in U.S. Senate today, which aims to upgrade roads and bridges, water systems and expand broadband Internet.

/ESU21: YVAH 4329 YPOC 4322 YVAL 4278 GAP 4319.50

/ES Plan: Yesterday market closed bullish, and overnight continues on that way, moving within yesterday's value, so these're today's options:

A) If market moves above YVAH 4329 with bullish internals, buy towards ONH 4338.50 HVE 4348 and GAP 4368.25

B) If market remains below YVAH 4329 with bearish internals, sell towards GAP 4319.50 HVE 4313 and YVAL 4278.

Note: Market looks balanced, so don't be 'too anxious' to trade early. Bad trades occur are when you try to force things to happen, don’t force it. 

Market Movers

10:30 EIA Petroleum Inventories

1:00 PM 20-Year Bond Auction

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