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Futures Trading Levels, Short Term Selling on the S&P

Cannon Trading /

I got a short term sell set up on SP 500 as you can see in the daily chart below of the SP500 ( pit session or day session only)

Potential levels if selling pressure resumes tomorrow for your review below as well as possible upside targets if this turns out to be just a small break from the recent rally….


Daily mini S&P trading chart screenshot from today May 3rd 2011

Stock futures trading chart levels Tuesday May 3rd 2011


Commodity Futures trading levels for May 4rd, 2011

Economic Reports Tuesday May 3rd, 2011

Challenger Job Cuts y/y
7:30am USD

ADP Non-Farm Employment Change
8:15am USD

ISM Non-Manufacturing PMI
10:00am USD

Crude Oil Inventories
10:30am USD

Loan Officer Survey
Tentative USD

Economics Report Source:

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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