Outlook 06/26: While Yesterday’s drop saw some of the market’s biggest intraday swings in months, markets will look to bounce back on Tuesday, leaning on a few pieces of economic data with just a couple of notable earnings reports mixed in. The Richmond Fed’s manufacturing index, and The Conference Board’s consumer confidence reading for June will all be released.
/ESU8 Value: YVAH 2728 YPOC 2721 YVAL 2710
/ES Plan: Yesterday market closed balanced and overnight profile is still moving within yesterday's value, so we've these options:
A) If market remains below YVAH 2728 with bearish internals, become a seller leaning on 2728-2727 towards ONL 2714.75 and HVE 2710. 'Look above and fail' is a bearish signal.
B) If market starts to move above YVAH 2728 with bullish internals, become a buyer above 2728-2729 towards LVN 2735 and HVE 2747. 'Look below and fail' is a bullish signal.
Today's Economic Calendar
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
01:00 PM 2-Year Note Auction
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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