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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Monday June 28, 2016
Hello Traders,
It seems that all the hype about Brexit was proper…The volatility we saw Thursday night, Friday day, last night and most of this morning session was extreme.
Especially Thursday night/ early Friday morning. Gold made a move of about $100 in few hours, bonds about 5 full points and SP500 was down almost 100 points or so in matter of hours….
The Brexit and potential other exits from the European Union created a new trading/ financial environment.
I think we will continue to see some volatility but not to the extreme we witnessed the last 72 hours.
Understand it, research it and adjust your trading accordingly.
My recommendation is to be extra patient with your entries as you will need to use wider stops than normal.
Feel free to contact us here at Cannon with any questions/ feedback etc.
