December 28th, 2021 Filed under Future Trading News | Comment (0)
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The last few trading days of 2021 have seen much lighter volume, a bit choppier price action as many of the larger traders and institutions took off the time right before Christmas and will return next week.
Understand the type of market environment you are in and how it affects trading in the markets you trade.
Markets will have NORMAL TRADING HOURS Thursday, Friday and Monday.
Happy Holidays and a prosperous new year from the Cannon Trading Team!
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Futures Trading Levels
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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.
April 11th, 2012 Filed under Future Trading News | Comments Off on Inside Day On Lower Volume
Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Report for Thursday April 12, 2012
“Inside day” today ( where today’s price action , highs and lows were “inside” of yesterdays range). Inside days on lower volume after a meaningful sell off, USUALLY and I repeat USUALLY mean resumption of the original break out or another leg down.
We never know what the future will hold so I will be watching early price action and reaction of the market to support and resistance levels before taking a stance in the market.
Mini Russell 2000 chart for your review below:
TFE – Russell 2000 Index Mini, Equalized Active Daily Continuation
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