Market has bounced over the last few sessions but on much lower volume compare to the sell off.
My opinion is that this is just a bounce but then again, bear market rallies can be vicious….
The Million $$$ question is not just where the market is going but more important when and where to get in and how to manage the trade once you are in.
This applies if you are a day trader a long term trader and anything in between….
Daily chart of the Mini Sp 500 along with important levels for your review below:
Daily Futures chart of the Mini S&P 500 from August 15th, 2011
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TRADING LEVELS!
Economic Reports Tuesday August 16th, 2011
Building Permits
8:30am USD
Housing Starts
8:30am USD
Import Prices m/m
8:30am USD
Capacity Utilization Rate
9:15am USD
Industrial Production m/m
9:15am USD
Loan Officer Survey
Tentative USD
Economics Report Source: http://www.forexfactory.com/calendar.php
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