Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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.
Daily mini S&P trading chart screenshot from today April 28th 2011
Economic Reports Friday April 29, 2011
Core PCE Price Index m/m
Employment Cost Index q/q
Personal Spending m/m
Personal Income m/m
Revised UoM Consumer Sentiment
Revised UoM Inflation Expectations
Fed Chairman Bernanke Speaks
Economics Report Source: http://www.forexfactory.com/calendar.php
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