Context: We reiterate our determination to use all policy tools (monetary, fiscal and structural) to achieve our goal of strong, sustainable, balanced and inclusive growth," leaders from the world's top economies declared in a joint communique on Sunday following a conference in Chengdu, China. Whereas monetary policy figured prominently in previous meetings of G20 officials, discussions this time around focused on growth, as a result of Britain's upcoming exit from the EU and fears of rising protectionism across the globe.
Plan: Globex shows new ATH 2172.50, moving in value within 2138-2170 auction range. Remember this ATH 2172.50 was made overnight so don’t expect it to hold as the high of this move, stats don’t support that. Last 3 sessions show bullish imbalance towards 2175-2180, so first idea is to be a buyer above VAL 2161.50 towards these levels. If bullish idea fails, I become a seller towards VPOC 2147 GAP 2145.75 and CLVN 2138.
Value References (/ESU6): VAH 2169 POC 2168 VAL 2161.50
Economic Data (ET): 10:30 Dallas Fed Manufacturing Survey.
Notice: Trading process and plan are based on the Auction Theory.
Warning: Trading Futures involves substantial risk of loss and is not suitable for all investors. The past performance is not necessarily indicative of future results. All the information on this website is for educational purposes and is not intended to provide financial advice.