“The Dow Jones Average is leading the way”
Market made recent highs overnight, backed down and managed to close un-changed.
I think with this recent move, it is the Dow Jones average which is leading the way.
Below is a daily chart of the mini Dow Jones futures along with some Fibonacci levels.
My speculation is that an hourly close during the day session tomorrow above 10520 can trigger 10760,
on the flip side, an hourly close below 10435 can bring 10320 much closer.
Trading Levels:
This Week’s Calendar from Econoday.Com
All reports are EST time
Wednesday July 28th – http://mam.econoday.com/byweek.asp?cust=mam
MBA Purchase Applications
7:00 AM ET
Durable Goods Orders
8:30 AM ET
EIA Petroleum Status Report
10:30 AM ET
5-Yr Note Auction
1:00 PM ET
Beige Book
2:00 PM ET
Disclaimer:
Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
Tags: commodity, commodity futures, commodity trading, day trading, e mini, futures broker, futures contract, futures exchange, futures market, futures quotes, futures trading, market widgets, online broker, online trading, options trading, S&P 500, trade company
