“Today’s Futures Trading session was lower volume”
Well like I said before, each day-trading session in the commodities and futures markets can wear a different dress. Today’s trading session was lower volume, indecisive to start with but with enough intra-day swings in price action to provide some trading set ups.
I mentioned before in this blog as well as in my day-trading webinar that if a trader can get an early sense to the type of trading day that is about to unfold, he/ she can really increase their chances by using methods/ indicators and set ups that work better for the different trading days ( trending, choppy, volatility on both sides etc.)
In between, below you will see a daily chart of the mini SP 500 with what may be some resistance levels on the way up and possible support levels if we decide to turn around and head back south ( last week we had more than a few changes in market direction)
If you like to see what my INTRADAY chart looks like, live during the trading session, sign up for my Live Day Trading Webinar:
Trading Levels:
This Week’s Calendar from Econoday.Com
All reports are EST time
Tuesday July 27th – http://mam.econoday.com/byweek.asp?cust=mam
- ICSC-Goldman Store Sales – 7:45 AM ET
- Redbook – 8:55 AM ET
- S&P Case-Shiller HPI – 9:00 AM ET
- Consumer Confidence – 10:00 AM ET
- State Street Investor Confidence Index – 10:00 AM ET
- 4-Week Bill Auction – 11:30 AM ET
- 52-Week Bill Auction – 11:30 AM ET
- 2-Yr Note Auction – 1:00 PM ET
Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein 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 judgment in trading!