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BIG Friday ahead for the Futures Markets & Support and Resistance Levels 4.29.2022

Posted on by Ilan
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Earnings season is still in full swing and fueling an already very EXTREME volatile stock index futures like NQ, MES, YM and others.
Tomorrow we have:
Exxon Mobile
Chevron
Bristol-Myers Squibb
Phillips
Just to name a few. Add this to an active economic calendar you can view below and one should prepare oneself for continued volatility.
The Friday options, which tomorrow are also end of month EOM options may be a good tool to:
Either speculate with the short term options ( probably allow for better staying power than futures in my opinion)
AND/OR
Use as possible protection with the futures.
Plan your trade, trade your plan!

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

04-29-2022

 

Futures Support and Resistance Levels 4.29.2022

 

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Economic Reports, Source: 

Forexfactory.com

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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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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.