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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. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Monday May 21, 2012
Hello Traders,
Below is a screen shot from part of this morning volatile session in the mini Russell 2000 with my daytrading signals I share with clients/ prospects. If interested in viewing my intra-day charts on trial basis,please visit and register for a free trial online.
Mini Russell 2000 Chart
Have a great weekend!
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.
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
| Contract (June 2012) | SP500(big & Mini) | Nasdaq100(big & Mini) | Dow Jones(big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1324.63 | 2556.67 | 12575 | 768.73 | 82.47 |
| Resistance 2 | 1317.42 | 2538.83 | 12520 | 763.67 | 82.20 |
| Resistance 1 | 1304.33 | 2505.67 | 12430 | 754.03 | 81.73 |
| Pivot | 1297.12 | 2487.83 | 12375 | 748.97 | 81.46 |
| Support 1 | 1284.03 | 2454.67 | 12285 | 739.33 | 80.98 |
| Support 2 | 1276.82 | 2436.83 | 12230 | 734.27 | 80.71 |
| Support 3 | 1263.73 | 2403.67 | 12140 | 724.63 | 80.24 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | June Gold | June Euro | June Crude Oil | June Bonds |
| Resistance 3 | 1632.7 | 1.2975 | 94.20 | 149 12/32 |
| Resistance 2 | 1615.1 | 1.2881 | 93.54 | 148 28/32 |
| Resistance 1 | 1603.0 | 1.2831 | 92.25 | 148 17/32 |
| Pivot | 1585.4 | 1.2737 | 91.59 | 148 1/32 |
| Support 1 | 1573.3 | 1.2687 | 90.30 | 147 22/32 |
| Support 2 | 1555.7 | 1.2593 | 89.64 | 147 6/32 |
| Support 3 | 1543.6 | 1.2543 | 88.35 | 146 27/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | July Corn | July Wheat | July Beans | July Silver |
| Resistance 3 | 647.1 | 732.3 | 1458.33 | 3017.8 |
| Resistance 2 | 642.7 | 714.4 | 1447.67 | 2953.7 |
| Resistance 1 | 639.1 | 704.8 | 1426.33 | 2906.3 |
| Pivot | 634.7 | 686.9 | 1415.67 | 2842.2 |
| Support 1 | 631.1 | 677.3 | 1394.3 | 2794.8 |
| Support 2 | 626.7 | 659.4 | 1383.67 | 2730.7 |
| Support 3 | 623.1 | 649.8 | 1362.33 | 2683.3 |
5. Economic Reports
5:15am USD
FOMC Member Lockhart Speaks