Highly anticipated NFP (non farm payrolls) report tomorrow.
Volatility is quite high. This requires one to evaluate their stops? targets? Trading size?
With the micros Trading such good volume across the board a trader now has the option of trading one 3, 6 micros for example rather than trading one Single mini SP or mini Nasdaq This is especially true on volatility as as high as we have seen the last few days And may help certain traders adapt to the volatility.
If you like feedback, discuss ideas – let us know and we will do our best to assist.
NQ daily chart for your review below with possible support levels.
Daily Levels for August 2nd, 2024
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* 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 here in 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 judgement in trading.