E-mini Nasdaq Daily Chart & Trading Levels 2.25.2020

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Dear Traders,

Volatility has SPIKED huge. That is a game changer. In my opinion, one can NOT trade the same way he/she did two weeks ago – today.

The large spike ion volatility makes it tough for most people. It is a good time to REDUCE trading size, possibly look at trading the MICROS and definitely not a time to use “mental stops”…..

8984 is a MAJOR support for me personally on the NQ/ mini nasdaq which seems to be the leader of stock indices.

Click on the chart to enlarge

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Good Trading

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Futures Trading Levels

02-25-2020

Economic Reports, source: 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.