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New Trading Environment, ES Monthly Chart & Trading Levels 3.21.2020

Posted on by Ilan

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Dear Traders,

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It is a whole new environment of trading.
What worked 6 weeks ago most probably not working now as far as trading is concerned.
Markets are moving extremely fast and at times quoting systems, platforms cant even keep up.
The risk is MUCH GREATER than I have ever seen it yet some traders look for it.
That is ok, as long as you :
Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..
This is for Stock Index futures but keep in mind MANY other markets are experiencing LARGE swings and moves.
Overnight limit, can’t trade below but can trade above.
-5%
Intra day
-7% Trading Halt 15 mins
-13% Trading Halt 15 mins
-20% Closed for rest of day
Monthly SP cash chart below for your review! Sign up for the diamonds indicators here! ( red diamond = potential sell)
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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

03-23-2020

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WEEKLY Levels for March 23rd
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Did you know?
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Economic Reports, source: 

www.mrci.com
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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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RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.