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Labor day is behind us and the markets are gearing into the busy time of the year – Sept./Oct. and the end of the year.
Keep a trading journal. Know what reports are coming. Adjust your weaknesses and learn to trade with your strengths.
Prepare yourself every day before you start trading.
Take a look at this quick 8 pointer summary I wrote a while back and is very relevant in my opinion.
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.
Futures Trading Levels
9-06-2017
| Contract September 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2497.25 | 6080.42 | 22149 | 1441.30 | 93.13 |
| Resistance 2 | 2484.25 | 6032.58 | 22049 | 1430.40 | 92.91 |
| Resistance 1 | 2471.50 | 5985.17 | 21904 | 1415.30 | 92.58 |
| Pivot | 2458.50 | 5937.33 | 21804 | 1404.40 | 92.36 |
| Support 1 | 2445.75 | 5889.92 | 21659 | 1389.30 | 92.03 |
| Support 2 | 2432.75 | 5842.08 | 21559 | 1378.40 | 91.81 |
| Support 3 | 2420.00 | 5794.67 | 21414 | 1363.30 | 91.48 |
| Contract | December Gold | Dec. Silver | Oct. Crude Oil | Dec. Bonds | Sept. Euro |
| Resistance 3 | 1371.6 | 18.35 | 51.15 | 159 11/32 | 1.2031 |
| Resistance 2 | 1360.6 | 18.22 | 50.07 | 158 8/32 | 1.1990 |
| Resistance 1 | 1353.0 | 18.10 | 49.32 | 157 21/32 | 1.1959 |
| Pivot | 1342.0 | 17.97 | 48.24 | 156 18/32 | 1.1917 |
| Support 1 | 1334.4 | 17.84 | 47.49 | 155 31/32 | 1.1886 |
| Support 2 | 1323.4 | 17.71 | 46.41 | 154 28/32 | 1.1845 |
| Support 3 | 1315.8 | 17.59 | 45.66 | 154 9/32 | 1.1814 |
| Contract | Dec. Corn | Dec. Wheat | November Beans | Dec. SoyMeal | Oct. Nat Gas |
| Resistance 3 | 363.8 | 450.3 | 990.17 | 319.70 | 3.13 |
| Resistance 2 | 362.2 | 448.5 | 981.83 | 314.00 | 3.09 |
| Resistance 1 | 360.3 | 445.8 | 975.17 | 311.00 | 3.04 |
| Pivot | 358.7 | 444.0 | 966.83 | 305.30 | 3.00 |
| Support 1 | 356.8 | 441.3 | 960.2 | 302.3 | 2.9 |
| Support 2 | 355.2 | 439.5 | 951.83 | 296.60 | 2.91 |
| Support 3 | 353.3 | 436.8 | 945.17 | 293.60 | 2.85 |
Economic Reports, source:
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.