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Daily chart of the mini SP 500 for your review below.
The market tested a moving average I use to determine uptrend versus downtrend and bounced nicely to START with….
Price action over next few days will be interesting to watch.
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 03.28.2017
| Contract June 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2371.00 | 5472.25 | 20734 | 1394.40 | 100.02 |
| Resistance 2 | 2356.25 | 5429.00 | 20631 | 1376.90 | 99.68 |
| Resistance 1 | 2347.25 | 5403.75 | 20562 | 1367.20 | 99.36 |
| Pivot | 2332.50 | 5360.50 | 20459 | 1349.70 | 99.01 |
| Support 1 | 2323.50 | 5335.25 | 20390 | 1340.00 | 98.69 |
| Support 2 | 2308.75 | 5292.00 | 20287 | 1322.50 | 98.35 |
| Support 3 | 2299.75 | 5266.75 | 20218 | 1312.80 | 98.03 |
| Contract | Apr. Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1277.3 | 18.63 | 49.54 | 152 22/32 | 1.1021 |
| Resistance 2 | 1269.2 | 18.39 | 48.91 | 152 13/32 | 1.0985 |
| Resistance 1 | 1261.8 | 18.26 | 48.34 | 151 29/32 | 1.0945 |
| Pivot | 1253.7 | 18.02 | 47.71 | 151 20/32 | 1.0909 |
| Support 1 | 1246.3 | 17.89 | 47.14 | 151 4/32 | 1.0868 |
| Support 2 | 1238.2 | 17.65 | 46.51 | 150 27/32 | 1.0832 |
| Support 3 | 1230.8 | 17.52 | 45.94 | 150 11/32 | 1.0792 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | April Nat Gas |
| Resistance 3 | 361.9 | 430.3 | 983.75 | 321.93 | 3.20 |
| Resistance 2 | 360.1 | 427.4 | 980.00 | 320.57 | 3.17 |
| Resistance 1 | 357.9 | 424.1 | 975.75 | 317.93 | 3.11 |
| Pivot | 356.1 | 421.2 | 972.00 | 316.57 | 3.08 |
| Support 1 | 353.9 | 417.8 | 967.8 | 313.9 | 3.0 |
| Support 2 | 352.1 | 414.9 | 964.00 | 312.57 | 2.99 |
| Support 3 | 349.9 | 411.6 | 959.75 | 309.93 | 2.93 |
All times are Eastern time Zone (EST)
Source: http://www.forexfactory.com/calendar.php
| Date | 3:36pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueMar 28 | 8:30am | USD |
Goods Trade Balance
|
-66.6B | -68.8B | ||||
| USD |
Prelim Wholesale Inventories m/m
|
0.2% | -0.2% | ||||||
| 9:00am | USD |
S&P/CS Composite-20 HPI y/y
|
5.7% | 5.6% | |||||
| 10:00am | USD |
CB Consumer Confidence
|
113.9 | 114.8 | |||||
| USD |
Richmond Manufacturing Index
|
16 | 17 | ||||||
| 1:00pm | USD |
FOMC Member Kaplan Speaks
|
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.