ES Chart Review & Support and Resistance Levels 3.24.2021

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Look for clues from other markets, Money flow between markets, small excerpt from my colleague Al Bicoff that he sent me this morning before the cash open:
Money flow for M S&P’S:
K CRUDE down 2.34 / negative
K Copper down 5.05 / negative
M BONDS up 0.17 / negative
M YEN up 0.035 / negative
M PALLADIUM down 2.0 / negative
M US$ up 0.427/ negative
30 minutes chart of the ES from today below.
ES 30 Minute Chart

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

3-24-2021

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Economic Reports, source: 

 www.BetterTrader.co

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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.

Bollinger Bands & Parabolics for Trade Exits? & Support and Resistance Levels 3.23.2021

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Dear Traders,

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Updates include variety of trading topics and insight like
How I like to use Bollinger bands and Parabolics for trade exits
video below:
How I like to Use Bollinger Bands and Parabolics for Trade Exits

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

3-23-2021

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Economic Reports, source: 

 www.BetterTrader.co

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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.

Crude Oil Futures Chart Review & Support and Resistance Levels 3.19.2021

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Wow Crude Oil Futures!! May is now front month. CLK21 or GCLK21 or CLEK21
Daily chart below for reference.
Crude Oil Futures Daily Chart

Good Trading

Crude Oil 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

3-19-2021

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Economic Reports, source: 

 www.BetterTrader.co

3a002a4c ce1e 47de 9ceb d7837a73ce10

 

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.

ES Tick Chart Review & Support and Resistance Levels 3.18.2020

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Dear Traders,

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FOMC days are definitely different type of trading days!
Quiet choppy pre FOMC and then volatile, two sided action followed by a small sell off and then a sharp rally.
Write some notes in your trading journal. What the market did, how did you react, as much insight as you can so before the next FOMC meeting you can look back and use the notes for better trading.
Intraday ES ( mini SP500 ) chart below for your review.
Note the chart is a RANGE BAR chart, 12 ticks range bars in this case, covering the action from the actual announcement.
Emini ES Tick Chart

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

3-18-2021

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Economic Reports, source: 

 www.BetterTrader.co

5d6c6dc0 c29c 4ee7 9630 d8965db91d06

 

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.

Modifying Your Trading Strategy in Volatile Market Conditions & Support and Resistance Levels 3.16.2021

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Dear Traders,

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The different pulse of the markets on different days makes a big difference. The strategies used on fast and volatile market may not work when the same market is choppy and quieter. I think that maybe there are some rare strategies that will work in all market environments but I have never seen one yet….So be aware of how the market/ markets you are trading are acting.
What type of action did the overnight session had?
How did the first 30 minutes of primary session went ( in markets like stock index futures where the underlying asset, i.e. stocks, just opened)?
Does it seem like the day ahead will be one of those speedy, crazy type of price action? or perhaps choppy? possibly a trending day?
Certain strategies will work better. Know what weapons in your trading arsenal will work better in what type of market conditions and try to adjust accordingly.

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

3-16-2021

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Economic Reports, source: 

 www.BetterTrader.co

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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.

Weekly Newsletter #1043 Join us w/ Live Trade Alerts on Facebook Group & Educational Trading Videos & Trading Levels for Week Ahead

Cannon Futures Weekly Newsletter Issue # 1043

Dear Traders,

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START TRADING June indices, June currencies. March currencies going into deliveries and March stock indices will cash settle Friday March 19th at 830 AM central time.
Get Real Time updates and more on our private FB group!
Examples of info shared intraday can be seen below in the screen shots from this Thursday!!
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Trading 102: Educational Trading Videos
by: Cannon Trading Brokers
Cannon Trading is happy to share with you a few videos focusing on trading techniques, ideas and tools you can add to your trading arsenal. In this week’s newsletter we are sharing the following 3 videos, about 5 minutes each, ready for immediate viewing on the following topics:
1. Identifying Support And Resistance Using A Line Chart.
2. Finding Levels of Support Resistance
3. Day Trading crude oil futures using fear and greed….
To view videos instantly, please fill out the form below.
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

3-15-2021

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Weekly Levels

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Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

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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 herein 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

Join us on our Private Facebook Group w/ Real Time Future Market Updates & Support and Resistance Levels 3.12.2021

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Dear Traders,

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Here is what we shared this morning around 730 AM CDT….
Valuable information, in MY OPINION.
REAL TIME TRADE ALERTS/UPDATES on FACEBOOK

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

3-12-2021

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Economic Reports, source: 

 www.BetterTrader.co

242a438e b17c 4aa2 9500 d1d6ba8ebf1f

 

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.

Futures Support and Resistance Levels 3.11.2021

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Dear Traders,

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Very few words of wisdom today!
Trade well, be safe, remember to breathe and have a game plan while trading, if you ever catch yourself just REACTING and pulling the trigger with no game plan behind, take a break, pause and reset.
Get Real Time updates and more on our private FB group!

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

3-11-2021

e6d93061 bae3 42cb 9251 134a5725fd18

Economic Reports, source: 

 www.BetterTrader.co

9131566c 6352 4b8c a354 b58f814c0746

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.

Adjusting Trading Style w/ Market Volatility, Join Cannon Trading Real Time Trade Alerts Group & Support and Resistance Levels 3.09.2021

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Market pace, dynamics, volatility and the speed of movement are fascinating to say the least.
requires traders to adjust in more than one way.
Reduce trade size?
Widen up targets and stops?
Consider short term options?
Use MICROS rather than the minis?
Get Real Time updates and more on Cannon Trading’s private FB group!
Examples of info shared intraday can be seen below in the screen shots!!
Cannon Trading Facebook Group Real Time updates
Cannon Trading Facebook Group Real Time updates

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

3-10-2021

c1307274 d706 42dc aa33 711c38bdaf42

Economic Reports, source: 

 www.BetterTrader.co

925596bf 8471 4f83 b8a8 1a1101906fe8

 

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.

Looking at Short Term Options & Support and Resistance Levels 3.09.2021

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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We started the week exactly where we left off….High, erratic type of volatility. It started on the open Sunday night and did not stop all the way through the session.
When markets move that fast, one way you may want to explore is trading very short term options rather than futures.
Example: You think the SP500 ( ES or MES) are going down today. If you use futures and place a “normal stop” most chances today is that you would have gotten stopped out. A possible alternative to explore is to use the Monday expiration mini SP options. If you buy a put, your risk in that specific example is limited to premium + cost of trade.
You will have MUCH better staying power and a chance to profit if you are correct.
This is obviously a very simple, briefly explained example but our series 3 brokers will be happy to expand, answer questions and review the + and _ of diff. strategies.
One last note about the options, at times activity on options can be used as another possible signal. Example, market is rallying but the closer to the money puts are actually gaining value? that is a sign that there is additional demand and possible pressure lower.

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

3-09-2021

9b3eaf77 78cf 4f16 8ace fa7ad282bfba

Economic Reports, source: 

 www.BetterTrader.co

68398a32 0a21 45ae a90b 7fbd5abc1073

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.