ES Daily Chart for Review & Trading Levels 1.29.2020

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Dear Traders,

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Big day tomorrow!! we have FOMC rate decision, we have crude oil numbers and more in between….

Be ready!

CoronaVirus down, oversold up….what a difference a day makes.

One note/ hint is to watch the price action on US bonds, gold and dollar index. it may provide you with hints in regards to the money flowing from one asset class to another.

When we sold off Sunday night and Monday, gold and bonds were up sharply to signal the money flow. the opposite happened today.

Mini SP 500 daily chart for your visual pleasure below….Notice the gap.

Chart courtesy of Bar Chart

Good Trading

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Futures Trading Levels

01-29-2020

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, A Options on Futures Company. 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.