April 29th, 2016 - Issue #827

In This Issue

1. Free Trial to Research used by the Exchanges
2. Hot Market: U.S. Stock Index Bulls Still See Stiff Overhead Technical Resistance
3. Economic Calendar

1.   MRCI's web-site is full of history, research, and ideas. 

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2. Hot Market: U.S. Stock Index Bulls Still See Stiff Overhead Technical Resistance

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

The June e-mini S&P stock index futures bulls are in overall near-term technical control as prices hover not far below the contract high scored late last year. Still, however, the bulls cannot seem to muster the energy to push prices to a new high. In recent months, near-term price uptrends have stalled out at present levels. If stock index bulls can push prices above the stiff chart resistance at the highs, then a fresh leg up in prices would be in the cards. See at the bottom of the chart that the Moving Average Convergence Divergence (MACD) indicator has moved into a bearish posture, whereby the thick blue MACD line is below the thin red "trigger" line, and both lines are now trending lower.

3. Economic Calendar

Source: Moore Research Center, Inc.

* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.

** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

*** 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!