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.
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