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Words of wisdom for today….learn to play the markets from the long and short side…This applies to too many clients/traders who always want to attack the stock index futures from the short side as they wait for the correction….While correction may come sooner or later, as DAYTRADER, you need to be objective and learn to play both the short and long side per your methods and rules. Take the emotional bias you have out.
Two systems we like to share with you below. One is a mini SP day trading system, the other is a gold trading swing system. These are AUTO traded systems and can be used in addition to your trading account OR if you don’t have time, emotion capacity to trade your own account, you can be active in the markets by letting the ALGOS work for you:
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.
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Levels for Trade Date of 03.24.2017
| Contract June 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2369.67 | 5405.33 | 20821 | 1382.77 | 99.89 |
| Resistance 2 | 2362.83 | 5391.92 | 20761 | 1372.13 | 99.78 |
| Resistance 1 | 2351.92 | 5374.08 | 20680 | 1361.77 | 99.66 |
| Pivot | 2345.08 | 5360.67 | 20620 | 1351.13 | 99.55 |
| Support 1 | 2334.17 | 5342.83 | 20539 | 1340.77 | 99.43 |
| Support 2 | 2327.33 | 5329.42 | 20479 | 1330.13 | 99.32 |
| Support 3 | 2316.42 | 5311.58 | 20398 | 1319.77 | 99.20 |
| Contract | Apr. Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1262.8 | 17.88 | 49.15 | 152 1/32 | 1.0887 |
| Resistance 2 | 1258.1 | 17.80 | 48.82 | 151 17/32 | 1.0869 |
| Resistance 1 | 1252.2 | 17.70 | 48.25 | 151 2/32 | 1.0850 |
| Pivot | 1247.5 | 17.61 | 47.92 | 150 18/32 | 1.0832 |
| Support 1 | 1241.6 | 17.51 | 47.35 | 150 3/32 | 1.0814 |
| Support 2 | 1236.9 | 17.43 | 47.02 | 149 19/32 | 1.0796 |
| Support 3 | 1231.0 | 17.33 | 46.45 | 149 4/32 | 1.0777 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | April Nat Gas |
| Resistance 3 | 361.3 | 428.6 | 1005.83 | 327.13 | 3.16 |
| Resistance 2 | 360.3 | 426.7 | 1002.67 | 325.77 | 3.11 |
| Resistance 1 | 358.5 | 423.8 | 996.83 | 323.23 | 3.08 |
| Pivot | 357.5 | 421.9 | 993.67 | 321.87 | 3.03 |
| Support 1 | 355.8 | 419.1 | 987.8 | 319.3 | 3.0 |
| Support 2 | 354.8 | 417.2 | 984.67 | 317.97 | 2.96 |
| Support 3 | 353.0 | 414.3 | 978.83 | 315.43 | 2.93 |
All times are Eastern time Zone (EST)
Source: http://www.forexfactory.com/calendar.php
| Date | 3:57pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriMar 24 | 4:00am | EUR |
French Flash Manufacturing PMI
|
52.4 | 52.2 | ||||
| EUR |
French Flash Services PMI
|
56.2 | 56.4 | ||||||
| 4:30am | EUR |
German Flash Manufacturing PMI
|
56.6 | 56.8 | |||||
| EUR |
German Flash Services PMI
|
54.5 | 54.4 | ||||||
| 5:00am | EUR |
Flash Manufacturing PMI
|
55.3 | 55.4 | |||||
| EUR |
Flash Services PMI
|
55.4 | 55.5 | ||||||
| 5:30am | GBP |
BBA Mortgage Approvals
|
44.9K | 44.7K | |||||
| 8:00am | USD |
FOMC Member Evans Speaks
|
|||||||
| 8:30am | USD |
Core Durable Goods Orders m/m
|
0.5% | 0.0% | |||||
| USD |
Durable Goods Orders m/m
|
1.1% | 2.0% | ||||||
| 9:45am | USD |
Flash Manufacturing PMI
|
54.9 | 54.2 | |||||
| USD |
Flash Services PMI
|
53.9 | 53.8 |
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.