Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
Hello Traders,
Couple of days ago I shared mini SP 500 daily chart and today I want to share the mini Russell 2000, which in my opinion served as the “leader” of the pack over the last few years and this chart looks a bit more bearish then the rest…YET approaching major support level at 1075. Today’s low was 1077.10. Close enough? Will we pierce through it and start a new wave down or is a bounce on the horizon?….No one knows with 100% certainty. No one. What one can do is look at different scenarios, prepare different trading plans along with money management rules and let price action show you the way.
Next couple of days will be interesting to watch and I suspect we will see more of the same volatility we witnessed last few days.
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. Past performance is not indicative to future results.
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Futures Trading Levels
| Contract Dec. 2014 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 1993.67 | 4112.50 | 17211 | 1115.27 | 86.65 |
| Resistance 2 | 1980.33 | 4079.25 | 17098 | 1106.83 | 86.47 |
| Resistance 1 | 1960.42 | 4032.00 | 16917 | 1093.97 | 86.25 |
| Pivot | 1947.08 | 3998.75 | 16804 | 1085.53 | 86.07 |
| Support 1 | 1927.17 | 3951.50 | 16623 | 1072.67 | 85.84 |
| Support 2 | 1913.83 | 3918.25 | 16510 | 1064.23 | 85.66 |
| Support 3 | 1893.92 | 3871.00 | 16329 | 1051.37 | 85.44 |
| Contract | December Gold | Dec.Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1236.4 | 18.03 | 94.83 | 141 19/32 | 1.2708 |
| Resistance 2 | 1228.2 | 17.74 | 93.90 | 140 23/32 | 1.2677 |
| Resistance 1 | 1221.4 | 17.46 | 92.34 | 140 7/32 | 1.2651 |
| Pivot | 1213.2 | 17.16 | 91.41 | 139 11/32 | 1.2620 |
| Support 1 | 1206.4 | 16.88 | 89.85 | 138 27/32 | 1.2594 |
| Support 2 | 1198.2 | 16.59 | 88.92 | 137 31/32 | 1.2563 |
| Support 3 | 1191.4 | 16.31 | 87.36 | 137 15/32 | 1.2537 |
| Contract | Dec Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 325.9 | 489.2 | 936.17 | 304.60 | 33.68 |
| Resistance 2 | 324.1 | 484.3 | 927.58 | 302.00 | 33.31 |
| Resistance 1 | 322.7 | 481.7 | 922.17 | 300.30 | 33.06 |
| Pivot | 320.8 | 476.8 | 913.58 | 297.70 | 32.69 |
| Support 1 | 319.4 | 474.2 | 908.2 | 296.0 | 32.4 |
| Support 2 | 317.6 | 469.3 | 899.58 | 293.40 | 32.07 |
| Support 3 | 316.2 | 466.7 | 894.17 | 291.70 | 31.82 |
source: http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:23pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuOct 2 | 3:00am | EUR | Spanish Unemployment Change | 31.3K | 8.1K | ||||
| 5:00am | EUR | PPI m/m | -0.2% | -0.1% | |||||
| Tentative | EUR | Spanish 10-y Bond Auction | 2.27|1.8 | ||||||
| Tentative | EUR | French 10-y Bond Auction | 1.32|2.8 | ||||||
| 7:30am | USD | Challenger Job Cuts y/y | -20.7% | ||||||
| 7:45am | EUR | Minimum Bid Rate | 0.05% | 0.05% | |||||
| 8:30am | EUR | ECB Press Conference | |||||||
| USD | Unemployment Claims | 299K | 293K | ||||||
| 10:00am | USD | Factory Orders m/m | -9.4% | 10.5% | |||||
| 10:30am | USD | Natural Gas Storage | 107B | 97B |
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 judgment in trading.