Mini S&P Article 4.19.2017

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I wrote this view on the stock indices ( mini SP specifically ) a few days ago for StockHouse.com  but price levels and views still hold

Is the stock market ever going down???

  • Don’t forget we have crude oil inventories report tomorrow at 7:30 AM pacific time ( 10:30 AM EST)

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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Futures Trading Levels

Levels for Trade Date of 04.19.2017

Contract June 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2364.83 5437.58 20763 1382.37 100.96
Resistance 2 2355.92 5421.42 20673 1373.13 100.64
Resistance 1 2348.08 5407.83 20573 1367.37 100.02
Pivot 2339.17 5391.67 20483 1358.13 99.69
Support 1 2331.33 5378.08 20383 1352.37 99.07
Support 2 2322.42 5361.92 20293 1343.13 98.75
Support 3 2314.58 5348.33 20193 1337.37 98.13
Contract June Gold May Silver May Crude Oil June  Bonds June  Euro
Resistance 3 1311.3 18.85 54.13 157 10/32 1.0898
Resistance 2 1302.8 18.64 53.72 156 13/32 1.0833
Resistance 1 1297.5 18.48 53.37 155 26/32 1.0799
Pivot 1289.0 18.27 52.96 154 29/32 1.0734
Support 1 1283.7 18.11 52.61 154 10/32 1.0701
Support 2 1275.2 17.90 52.20 153 13/32 1.0636
Support 3 1269.9 17.74 51.85 152 26/32 1.0602
Contract May  Corn May Wheat May Beans May SoyMeal May Nat Gas
Resistance 3 370.2 429.3 958.50 318.13 3.25
Resistance 2 368.1 426.5 953.50 316.07 3.22
Resistance 1 364.9 424.5 949.75 314.13 3.18
Pivot 362.8 421.8 944.75 312.07 3.15
Support 1 359.7 419.8 941.0 310.1 3.1
Support 2 357.6 417.0 936.00 308.07 3.08
Support 3 354.4 415.0 932.25 306.13 3.05

All times are Eastern time Zone (EST)

Source: http://www.forexfactory.com/calendar.php

Date 3:51pm Currency Impact Detail Actual Forecast Previous Graph
WedApr 19  4:00am EUR
Italian Trade Balance
2.24B -0.57B
5:00am EUR
Final CPI y/y
1.5% 1.5%
EUR
Final Core CPI y/y
0.7% 0.7%
EUR
Trade Balance
18.6B 15.7B
Tentative EUR
German 30-y Bond Auction
1.18|1.4
10:30am USD
Crude Oil Inventories
-1.0M -2.2M
2:00pm USD
Beige Book

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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