Futures Trading levels and Economic reports for Sept. 23rd
Today's down price action "closed the gap" that was created between the close of the 18th and the open of the 19th (I am referring to what we call "day" trading session, i.e. trading hours that corresponds to the cash open).
Technically we are now sitting at a junction, either the rally of Thursday-Friday from last week will resume, or the selling pressure of early last week will continue.
1232 is major resistance above the market and 1196 major support below the market.
Have a good trading week!
| Contract (Dec. 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1285.47 | 1804.33 | 11701 | 779.17 |
| Resistance 2 | 1267.73 | 1775.67 | 11546 | 766.03 |
| Resistance 1 | 1240.77 | 1722.33 | 11306 | 741.97 |
| Pivot | 1223.03 | 1693.67 | 11151 | 728.83 |
| Support 1 | 1196.07 | 1640.33 | 10911 | 704.77 |
| Support 2 | 1178.33 | 1611.67 | 10756 | 691.63 |
| Support 3 | 1151.37 | 1558.33 | 10516 | 667.57 |
| Contract | Dec Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 973.87 | 1.5379 | 120.47 | 120 14/32 |
| Resistance 2 | 943.83 | 1.5112 | 115.46 | 119 14/32 |
| Resistance 1 | 926.27 | 1.4948 | 112.00 | 118 14/32 |
| Pivot | 896.23 | 1.4681 | 106.99 | 117 14/32 |
| Support 1 | 878.67 | 1.4517 | 103.53 | 116 14/32 |
| Support 2 | 848.63 | 1.4250 | 98.52 | 115 14/32 |
| Support 3 | 831.07 | 1.4086 | 95.06 | 114 14/32 |
| DATE | CST | PERIOD | RELEASE | MFGR | MED | RANGE | PREV |
| 9/23 | 9:00 | SEP | | - - | - - | - - | -16 |
| TUE | 9:00 | JUL | House Price Index MoM | - - | - - | - - | 0.00% |
| | 16:00 | 21-Sep | ABC Consumer Confidence | - - | - - | - - | - - |
| | | | | | | | |
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
Sincerely,
Ilan Levy-Mayer, M.B.A
Vice President / commodity broker
Cannon Trading Co Inc. - home of online futures trading
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannontrading.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #515
Beverly Hills, Ca 90210
posted by Cannon Trading at 1:24 PM
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