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Futures Trading Levels, Dow Jones Update

Cannon Trading /

On Friday I wrote the paragraph below:

Looking at the Mini Dow Jones daily chart below, i will need to see a break below 12528 in order to get more confidence that the trend is starting to reverse and that odds prefer the down side.

Now that we broke this level, the next question is possible targets on the down side as well as protection on the top….

Updated chart for your review below. I am looking at 126.05 as resistance above and 12374 as initial target below:

Daily Chart of the Mini Dow Jones from July 11th 2011

Daily Chart of the Mini Dow Jones from July 11th 2011

Would you like to have access to my DIAMOND ALGO as shown above and be able to apply for any market and any time frame? The screen shot above is of the Mini Dow from today.

If so, please send me an email with the following information:

  1. Are you currently trading futures?
  2. Charting software you use?
  3. If you use sierra or ATcharts, please let me know the user name so I can enable you.
  4. Markets you currently trading?



Commodity Futures trading levels for July 12th, 2011

Economic Reports Tuesday July 12th, 2011

Trade Balance
8:30am USD

IBD/TIPP Economic Optimism
10:00am USD

FOMC Meeting Minutes
2:00pm USD

Economics Report Source:

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 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!

Tags: > Posted in: Futures Trading  

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