We continue to see trading value lower prices in recent activity - Bias is on the short side.
Sell the rallies at resistance -
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for
12 May:
Upcoming Reports
Monday
Treasury Budget 2:00ET
Tuesday
ICSC-UBS Store Sales 7:45ET
Import and Export Prices 8:30ET
Retail Sales 8:30ET
Redbook 8:55ET
Business Inventories 10:00ET
4-Week Bill Auction 1:00ET
Wednesday
MBA Purchase Applications 7:00ET
Consumer Price Index 8:30ET
EIA Petroleum Status Report 10:30ET
Empire State Mfg Survey 8:30ET
Thursday
Jobless Claims 8:30ET
Treasury International Capital 9:00ET
Industrial Production 9:15ET
Philadelphia Fed Survey 10:00ET
EIA Natural Gas Report 10:30ET
Housing Market Index 1:00ET
Money Supply 4:30ET
Friday
Housing Starts 8:30ET
Consumer Sentiment (p) 10:00ET
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A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
