Outlook 08/26

Context: Futures were searching for direction, ahead of Fed Chair Janet Yellen's 10am ET speech at the Jackson Hole Economic Symposium. Odds are just above 50/50 for a December interest rate, with September hike rising to about 30 percent from around 20 percent last week.

Plan: Globex is balanced, moving above value within 2172-2185 range. Fair Value (FV) 2173.75 It seems an open auction around LIS-CLVN 2172, so first idea is to sit on hands and wait for more clues about dominant force around that level. Buyer above or seller below this zone.

Value References (/ESU6): VAH 2173.75 POC 2170.25 VAL 2169.25

Economic Data (ET): 10:00 Reuters/UofM Consumer Sentiment; 10:00 Janet Yellen speech; 1:00 PM Baker-Hughes Rig Count.

Notice: Trading process and plan are based on the Auction Theory.

Warning: Trading Futures invoholds, Ilves 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.