Strong bounce on stock indices today across the board. As one can see, market is volatile and one day it seems the market just can’t stop selling, the next it flips around and runs higher….part of volatility, part of uncertainty, fear and greed.
the only advice I can share at this point is be ready for the unexpected. Know yourself, what your goals are out of each trade, how much risk tolerance you have the stomach for and then and only then decide on a trading strategy.
Levels to be aware of as volatility will resume in the mini S&P 500 below:
Daily Futures chart of the S&P 500 from August 23rd, 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, Stock Indeces Bounce Back”