Cannon Trading / E-Futures.com
Last trading day for April is tomorrow…..while the last few months have shown that statistically, the market goes up the last couple of trading days, I am going to take a stab and look for the market to pull back if we can break below 1352 during the pit session….
60 minute chart of the BIG SP 500 ( the “pit session” ) for your review below with potential levels to watch if we do pull back. On the way up , I have 1362.75 as first resistance , followed by 1372.
GOOD TRADING!
Daily mini S&P trading chart screenshot from today April 28th 2011
TRADING LEVELS!
Economic Reports Friday April 29, 2011
Core PCE Price Index m/m
8:30am USD
Employment Cost Index q/q
8:30am USD
Personal Spending m/m
8:30am USD
Personal Income m/m
8:30am USD
Chicago PMI
9:45am USD
Revised UoM Consumer Sentiment
9:55am USD
Revised UoM Inflation Expectations
9:55am USD
Fed Chairman Bernanke Speaks
12:30pm USD
Economics Report Source: http://www.forexfactory.com/calendar.php
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!