We bounced pretty good from major support early this morning. Some levels to pay attention to as we start a new week in the mini Dow chart below. Until then, relax, clear your head from trading, “what you could have done and should have done” etc…..write a journal if needed, learn from mistakes when you can but don’t let negative energy hurt your trading.
Have a great weekend!
Continue reading “Monday Looks Like a Great Day for Online Futures Trading, August 30th, 2010”
Market is showing weakening signs. We need to hold previous lows of 1037 and rally in order to gain any upside momentum. Break of this level can bring 1000.75 much quicker.
I have a feeling traders will have potential for trades on both sides depending on volatility and pre market GDP report tomorrow.
A chart of the SP 500 CASH INDEX for your review below:
Continue reading “Promising Outlook on Online Futures Trading for August 27th 2010”
Below is a screen shot from today’s “Live Chart” service I provide. If you are interested in 2 weeks free trail,
please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals
Market made recent highs overnight, backed down and managed to close unchanged.
I think with this recent move, it is the Dow Jones average which is leading the way.
Below is a daily chart of the mini Dow Jones futures along with some Fibonacci levels.
My speculation is that an hourly close during the day session tomorrow above 10520 can trigger 10760,
on the flip side, an hourly close below 10435 can bring 10320 much closer.
