Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
With the US Debt battle taking place, I will speculate that we can see wide trading ranges but should remain between the 808.40 ( July 18th low) to 843.90 ( July 13th high) basis the Sept. Mini Russell 2000. Definitely a wide range and possibility of volatility picking up.
Know the risk you are comfortable with each time you enter a trade.
Daily Chart of the Mini Russell from July 25th 2011
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Economic Reports Tuesday July 26th, 2011
S&P/CS Composite-20 HPI y/y
CB Consumer Confidence
New Home Sales
Richmond Manufacturing Index
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!