Will the Markets “relax” a bit on Friday?
The V type of moves from one day to another does not make much sense….
For example, metals and stock index futures sold off extremely hard yesterday on the last hour of trading, YET an hour later on the reopen started a V shape type of reversal….
Make sure you have a game plan in mind and you have preset stops in your order entry ( my opinion) as the markets are moving way too fast to take the approach of ” “let see what the market does…”
Daily Levels for August 9th, 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.