Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Interesting DATE tomorrow…1-11-11
Other than that I don’t have much to share, market is still waiting for either another leg up or correction to the downside.
I am looking at 1255 to 1273 as the band and think that an hourly close above or below can trigger the next move.
Plan your trade, trade your plan!
Mini SP hourly chart for your review below:
Economics Report Source: http://www.forexfactory.com/calendar.php
Tuesday, January 11, 2011
FOMC Member Plosser Speaks
IBD/TIPP Economic Optimism
Wholesale Inventories m/m
FOMC Member Kocherlakota Speaks
Treasury Currency Report
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, 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!