Busy day ahead tomorrow with significant reports through out the day. Markets are closed Thursday in observance of Thanksgiving and then open half day on Friday.
Overnight news from N Korea and Europe definitely had much bigger on the markets than any technical chart formations…but “looking forward” we sometimes have to look back in trying to project price action.
Levels for your review on the daily mini SP 500 chart below. 1151 is first major support in case declines continues.
GOOD TRADING!
Trading Levels
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Wednesday, November 24th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
Core Durable Goods Orders m/m
8:30am USD
Unemployment Claims
8:30am USD
Core PCE Price Index m/m
8:30am USD
Durable Goods Orders m/m
8:30am USD
Personal Spending m/m
8:30am USD
Personal Income m/m
8:30am USD
Revised UoM Consumer Sentiment
9:55am USD
Revised UoM Inflation Expectations
9:55am USD
New Home Sales
10:00am USD
HPI m/m
10:00am USD
Crude Oil Inventories
10:30am USD
Natural Gas Storage
12:00pm USD
Treasury Currency Report
Tentative USD
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!