Whirlwind week

Outlook 08/12: Stock futures rise slightly on Monday as investors braced for key inflation data after almost completely reversing its violent market rout last week. The forthcoming batch of inflation data will be key for markets that remain jittery following increased volatility. Wednesday’s consumer price index report for July will be a pivotal cue as to whether the economy remains sound, or if investors will remain uneasy following July’s weak nonfarm payrolls report which contributed to the recent sell-off. Traders are also watching for the July producer price index report on Tuesday. Retail sales are also due out Thursday.

ESU24 (SEP2024): YVAH 5370 YPOC 5365 YVAL 5342 GAP 5368

/ES Plan: Last session market closed bullish (PBT 5411), and Sunday's reopening continues on that way (PBT 5414), moving above previous value, so these're the opening and initial balance options for today:

A) If market moves above HVE 5386 with bullish internals, buy towards PBTs 5411-5414 (magnets) HVE 5432 and GAP 5464.

B) If market moves below HVE 5386 with bearish internals, sell towards YVAH 5370 GAP 5368 and YVAL-VAR 5342 (magnet).

Note: Market opens above value and if it begins to trade within value, VAR comes into play. It's Monday, usually the quietest days of the week. Many traders want to take their time analyzing the market, and usually, there are few economic releases. 

Market Movers

2:00 PM Treasury Statement

Follow Twitter updates using TweetDeck old version.

Follow news and listen to order flow at FinancialJuice.

Questions via private twitter direct message (RTH)