Cannon Trading / E-Futures.com
March started out with strong down move, perhaps to signal the shift in market bias going forward?
Time will tell.
Hourly chart of Mini Russell 2000 for your review below. We need to see the TF goes above 809.50 for any significant bounce to follows, otherwise we may visit 793 first….
Either way, higher volatility, wider ranges = trader must asses their daily risk settings, their stops/ targets per trade, trading size etc.
Daily E-Mini S&P 500 Futures Trading Chart
GOOD TRADING!
TRADING LEVELS!
Economics Report Source: http://www.forexfactory.com/calendar.php
Wednesday, March 2, 2011
Challenger Job Cuts y/y
7:30am USD
ADP Non-Farm Employment Change
8:15am USD
Fed Chairman Bernanke Testifies
10:00am USD
Crude Oil Inventories
10:30am USD
Beige Book
2:00pm USD
Fed Chairman Bernanke Speaks
8:00pm USD
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, 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!