Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Markets are showing signs of weakness as I mentioned over past 10 days or so.
Below is a mini Russell daily chart with different levels for your review.
I think that Fridays high of 829.40 and 803.40 ( 61.8% Fibonacci level) will serve as the bands for now until we either get some acceleration of selling or exhaustion of selling and bounce.
Daily Chart of the Mini Russell from July 18th 2011
Economic Reports for Tuesday July 19th, 2011
Economics Report Source: http://www.forexfactory.com/calendar.php
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