Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Cannon Trading / E-Futures.com
Monthly unemployment tomorrow before the cash open.
We had HUGE volatility in many markets today, led by Crude Oil, Silver, gold and currencies…..
Make sure you know the type and size of risk you are willing to take before each trade….
Below is a daily chart of SP500 pit session only. If tomorrows numbers are not liked by the market, i suspect we may see 1311. On the flip side 1342 and 1354 should provide resistance.
Daily mini S&P trading chart screenshot from today May 4rd 2011
Economic Reports Friday May 6th, 2011
FOMC Member Yellen Speaks
Non-Farm Employment Change
Average Hourly Earnings m/m
FOMC Member Dudley Speaks
Consumer Credit m/m
Economics Report Source: http://www.forexfactory.com/calendar.php
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