Outlook 06/11: U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend. The escalating clash over trade between Washington and some of its closest global partners cast a cloud over Trump's efforts to make history in nuclear talks in Singapore on Tuesday with Kim Jong Un of North Korea.
/ESU8 Value: YVAH 2779 YPOC 2771 YVAL 2767
/ES Plan: On Friday market closed balanced. Overnight profile is bullish (GBT 2791), moving above Friday's value, so we've these options:
A) If market remains above YVAH 2779 with bullish internals, be a buyer leaning on 2779 towards GAP 2782.50 ONH 2786.50 and GBT-LVN 2791. 'Look below and fail' is a bullish signal.
B) If market starts to move below YVAH 2779 with bearish internals, become a seller leaning on 2779 towards ONL 2774 LVN 2766 and HVE 2753. 'Look above and fail' is a bearish signal.
Today's Economic Calendar
11:30 3-Year Note Auction
01:00 PM 10-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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