Cannon Trading / E-Futures.com
Interesting price action in stock index futures today. We made a recent low overnight, bounced nicely through out the session but then sold off during the last 20 minutes or so. For me that is a sign that there is not enough fresh buying still and pressure is still favoring the downside with 1292 as the next target. HOWEVER, if buyers can push above 1327 it will change the picture and require a re-evaluation of the market.
Daily mini SP 500 chart for your review below:
GOOD TRADING!
Daily mini S&P trading chart screenshot from today May 25th 2011
TRADING LEVELS!
Economic Reports Thursday May 26th, 2011
Prelim GDP q/q
3:30am USD
Unemployment Claims
8:30am USD
Prelim GDP Price Index q/q
8:30am USD
OFHEO HPI m/m
8:30am USD
Natural Gas Storage
10:30am USD
Economics Report Source: http://www.forexfactory.com/calendar.php
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