Cannon Trading / E-Futures.com
Yesterday I wrote:
“If we break todays low of 1310.75, I will favor a move down to 1290. On the other hand if we can hold this level, we may see a bounce to 1326”.
Well…..we had an inside day trading within the range of the previous day, that means market took a bit to consolidate before deciding on the next leg. The Million $$ question is which way…..so far we have been making lower lows and lower highs over the past couple of weeks
Daily chart of Mini SP 500 along with some levels to be aware of, for your review below: Read the rest of this entry »