It's July 4th holiday! And first post of trading career. Will create daily trade plans and post here. Currently only trading and focusing on /ZB.
*** Example format borrowed from Verniman ***
Outlook: U.S. stock futures look balanced Friday morning, ahead of the long weekend, as investors gird for a potentially rocky earnings season. U.S. stock markets will be closed Monday for the Fourth of July. Investors are proceeding into the second half of 2022 with caution after the worst first six months to a year in decades. Risk-off sentiment was seen in most areas of the market, fueled by soaring inflation and the Fed's aggressive monetary policy to fears of slowing growth and increased borrowing costs. A much hoped-for "soft landing" also hit some turbulence, with Fed Chair Jay Powell remarking this week "there is no guarantee that we can do that and it's obviously something that's going to be quite challenging."
/ZBU22: YVAH 3802 YPOC 3784 YVAL 3760 GAP 3779.50
/ZB Plan: Yesterday market closed balanced, and overnight continues on that way, moving within yesterday's value/range, so these're the opening and initial balance options for today:
A) If market moves above HVE 3784 with bullish internals, buy towards YVAH 3802 ONH 3793.75 and HVE 3821.
B) If market remains below HVE 3784 with bearish internals, sell towards YVAL 3760 ONL 3744.50 and HVE 3739.
Note: Market opens inside range, so don't be 'too anxious' to trade early. Let ranges get set. Let the market lead. You don’t have to be the first in the fight. Bad trades occur when you try to force things to happen.
Market Movers:
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
1:00 PM Baker-Hughes Rig Count
