Market has bounced over the last few sessions but on much lower volume compare to the sell off.
My opinion is that this is just a bounce but then again, bear market rallies can be vicious….
The Million $$$ question is not just where the market is going but more important when and where to get in and how to manage the trade once you are in.
This applies if you are a day trader a long term trader and anything in between….
Daily chart of the Mini Sp 500 along with important levels for your review below:
Daily Futures chart of the Mini S&P 500 from August 15th, 2011
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Continue reading “Futures Trading Levels, The Million Dollar Question”