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Spread Chart of NQ-ES Review, Micro BTC Webinar Tomorrow! & Support and Resistance Levels 5.05.2021

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Dear Traders,

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Volatile day in the markets today.
NASDAQ 100 has shifted into short term bear mode for now while SP 500 is still holding above key levels ( IMO).
Spread chart of NQ-ES below for your review. It is a daily chart of NQ prices MINUS ES prices. As you can see last few trading days the ES is keeping more strength versus the NQ.
As I mentioned in previous blog posts, may ways to try and “skin the cat”….day trading or scalping INDEX futures is only one.
Some traders will trade spreads like the ES/ NQ on an intraday basis or longer, some traders will look at other markets like gold, crude and bonds ( versus focusing on the indices only) and some traders will trade a basket of products, being active based on where they feel opportunities are like Micro Bitcoin.
MICRO Bitcoin webinar tomorrow!
SPACE is LIMITED, so reserve your space now!

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

5-05-2021

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

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