Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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
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Economic Reports Monday July 11th, 2011
NO 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!