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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Daily Mini S&P Chart
5. Economic Reports for Wednesday November 2, 2011
I share my studies and ALGO in two ways.
The first is by having a daily live chart service, where subscribers/ trial members get a unique invitation to view my screen along with live charts, trade signals and trade philosophy. I call it live webinar.
The second method is available for sierra charts / ATcharts users . Those who are interested will get my ALGO/ study pac via email and will be able to apply it on their sierra charts for different markets, different time frames etc.
Both methods are available for a free trial if you did not have one yet.
To read more and request a trial, visit: http://www.cannontrading.com/education-day-trading-webinar.php or simply send me an email with your sierra/ATcharts user name at ilan(at)cannontrading.com
GOOD TRADING!
Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
| Contract (Dec. 2011) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance Level 3 | 1286.40 | 2433.00 | 12330 | 776.13 |
| Resistance Level 2 | 1272.30 | 2402.00 | 12177 | 763.27 |
| Resistance Level 1 | 1264.90 | 2386.00 | 12093 | 753.33 |
| Pivot Point | 1250.80 | 2355.00 | 11940 | 740.47 |
| Support Level 1 | 1243.40 | 2339.00 | 11856 | 730.53 |
| Support Level 2 | 1229.30 | 2308.00 | 11703 | 717.67 |
| Support Level 3 | 1221.90 | 2292.00 | 11619 | 707.73 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Dec. Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance Level 3 | 1821.1 | 1.3977 | 99.90 | 144 4/32 |
| Resistance Level 2 | 1806.5 | 1.3898 | 98.00 | 143 9/32 |
| Resistance Level 1 | 1802.2 | 1.3836 | 97.02 | 142 15/32 |
| Pivot Point | 1787.6 | 1.3757 | 95.12 | 141 20/32 |
| Support Level 1 | 1783.3 | 1.3695 | 94.14 | 140 26/32 |
| Support Level 2 | 1768.7 | 1.3616 | 92.24 | 139 31/32 |
| Support Level 3 | 1764.4 | 1.3554 | 91.26 | 139 5/32 |
4. Daily Mini S&P Chart
Below you will see a 15 minute chart from today’s session showing the two diamond set ups we got today.
5. Economic Reports for Tuesday, November 8, 2011
German Trade Balance
2:00am
French Trade Balance
2:45am
ECOFIN Meetings
All day
IBD/TIPP Economic Optimism
10:00am
FOMC Member Kocherlakota Speaks
1:00pm
FOMC Member Plosser Speaks
1:30pm