Cannon Trading Futures Blog: Daily Support and Resistance Levels Blog: Futures Trading levels and Economic reports for March 4th 2008

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The Dow has gone from the 6000 area to over 21,000 and will likely go to 30,000+ before the next huge bear market unfolds. 2017 will be the start of the Sovereign Debt Crisis which he says will lead to the breakup of Europe, then it will cause Japan to implode and finally the core economy the USA will go down and the country will break up into 4 countries. 2032.95 will be the end of the major.

EURUSD is under pressure again after finding support around 1.1196, which is the 23.6% Fibo retracement of the up leg from 1.1026 to 1.1249 and the 1.1180 level from June 18. After failed attempts to move above the downtrend line, the pair has traded between the 100- and 200-period simple moving averages (SMAs) for the past week.

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Rather than incoming polls or specific political maneuvers, going forward investors may want to center their attention on any hints about the broad contours of the economic agenda of a probable Fernandez-Kirchner administration.

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