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Futures Trading Levels, Fibonacci Used in Context

Cannon Trading / E-Futures.com

Daily chart of the mini SP500 along with potential levels below and above for you review below.

I think the current level we are at, 1267 is a pivot level. It is a 76.4% Fibonacci level between the lows made back on March 17th 2011 and the highs made on May 2nd 2011. If we can trade above it and start moving higher, we may see a bounce to 1286, if we can pick up steam below, we may see retest of 1235.75

GOOD TRADING!

Daily Mini S&P 500 trading chart screenshot from today June 13th, 2011

Stock futures trading chart levels for Monday June 13th, 2011

TRADING LEVELS!

Commodity Futures trading levels for June 14th, 2011

Economic Reports Tuesday June 14th, 2011

Core Retail Sales m/m
8:30am USD

PPI m/m
8:30am USD

Retail Sales m/m
8:30am USD

Core PPI m/m
8:30am USD

Business Inventories m/m
10:00am 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!

Tags: > > Posted in: Future Trading News  

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