Futures Trading Levels, Mini Dow Jones Affected by Bearish Job Data

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Futures Trading Levels, Mini Dow Jones Affected by Bearish Job Data

Cannon Trading / E-Futures.com

Market sold off on bearish jobs data earlier this morning. We saw a good bounce in the last half of the trading session.

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.

Daily Chart of the Mini Dow Jones from July 8th 2011

Daily Chart of the Mini Dow Jones from July 8th 2011

Would you like to have access to my DIAMOND ALGO as shown aboveand 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 11th, 2011

Economic Reports Monday July 11th, 2011


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!

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