Cannon Trading Futures Blog: Daily Support and Resistance Levels

 S&P futures vs fair value: +3.2. Nasdaq futures vs fair value: -1.5.  Upon further digestion of the jobs report, futures trade has ticked upward. However, the cash market still appears poised to start the day in mixed fashion.  Essentially, the data brought no real surprise, and traders are weighing both sides of the report.  On the one hand, it is clear that the labor market remains strong.  On the other hand, the report did not change expectations that the Fed will continue to raise interest rates. 

Regards, Ilan Levy-Mayer The finest compliment I can receive is a referral from a trusted client. 800-454-9572 *Futures trading is risky and not for everyone. Customers may lose all or more of their investment.*