FOMC, NVIDIA, June Dollar Index; Your 5 Important Need-To-Knows for Trading through Memorial Day Weekend, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1243

  • Trade Against the Pro – Trading Competition
  • The Week Ahead – A shortened week. FOMC Minutes and NVIDIA earnings

  • Futures 101 – Memorial Day Trading Schedule
  • Hot Market of the Week – June Dollar Index
  • Broker’s Trading System of the Week – Heating Oil Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

Trade Against the Pro – Simulated Contest, Real Cash prizes!

Opportunity to learn and win

Explore the benefits of futures trading while competing against your peers for a chance to win up to $2,500 in cash prizes. Practice trading different futures contracts with new perspectives and tips from a seasoned futures pro.

Refine your futures strategies

Mark your calendar for the trading challenge scheduled from June 1-6. This is your opportunity to test-drive trading strategies for futures in a risk-free environment. Additionally, once the challenge starts, you’ll gain access to exclusive daily educational videos packed with invaluable insights.

GET STARTED

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Important Notices: The Week Ahead

FOMC! NVIDIA!

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By John Thorpe, Senior Broker

A shortened week. FOMC Minutes and NVIDIA earnings top the list.

More volatility to come as next week all markets will be reacting to whatever comes out of the U.S. Govt leadership relating to conflicts cessation and trade deals. Therefore, increased volatility expectations.

Earnings Next Week:

  • Mon. Memorial Day
  • Tue. PDD Holdings
  • Wed. Nvidia, Salesforce
  • Thu. Dell, Marvell tech
  • Fri. Costco

FED SPEECHES: (all time CDT)

  • Mon.     Memorial Day no speeches
  • Tues.     Kashkari 3 am ct, Williams, 6pm ct
  • Wed.     Kashkari 3 am ct,
  • Thu.      Kugler 1 pm ct, Daly, 3 pm ct, Logan 7 pm ct
  • Fri.       Goolsbee 5:30 pm ct

Economic Data week:

  • Mon. Memorial Day no releases
  • Tue. Durable Goods, Case-Schiller, CB Consumer Confidence, Dallas Fed
  • Wed. Redbook, Richmond Fed, Dallas Svcs. Index, FOMC MINUTES EIA Crude Stocks MOVED TO Thursday,
  • Thur. Initial claims, Core PCE. GDP Q2 est., Pending Home Sales, EIA Nat Gas 7:30 am ct, EIA stocks 11 am ct
  • Fri. Core PCE, Chicago PMI, Mich. Consumer Sentiment

 

Futures 101: Memorial Day Trading Hours

The upcoming US Memorial Day Holiday Trading Schedule for Friday, May 23rd, through Monday, May 26th, 2025, is below.

Memorial Day (May 26th) Holiday Trading Schedule:

Grains

Sunday – Closed

Monday – Closed

Tuesday – 8:30 a.m. CT Open

Livestock

Sunday – Closed

Monday – Closed

Tuesday – 8:30 a.m. CT Open

Cryptocurrencies

Monday – 4:00 p.m. CT Halt

5:00 p.m. CT Re-Open

Energy

Sunday – 5:00 p.m. CT Open

Monday – 1:30 p.m. CT Halt

5:00 p.m. CT Re-Open

FX

Monday – 4:00 p.m. CT Halt

5:00 p.m. CT Re-Open

Interest Rates

Monday – 12:00 p.m. CT Halt

5:00 p.m. CT Re-Open

Metals

Monday – 1:30 p.m. CT Halt

5:00 p.m. CT Re-Open

Stock Indices

Monday – 12:00 p.m. CT Halt

5:00 p.m. CT Re-Open

Sugar, Coffee, Cotton, Cocoa, FCOJ

Monday – Closed

Tuesday – Regular Hours

Canola

Monday – Regular Hours

U.S. Dollar Index

Monday – Regular Hours

FULL SCHEDULE

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Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

June Dollar Index

Key decision levels?

trade

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Brokers Trading System of the Week

Swing 61B Trading System

Market Sector: Energies

Markets Traded:   HO – Heating Oil

System Type:  Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $25,000

Developer Fee per contract: $145.00 Monthly Subscription

System Description:

Trade ES futures. System coded to seek long or short entries, and the system only uses the higher probability signal. System contains a money management component.

Get Started

 

Learn More

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Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

Futures Trading Disclaimer:

Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”.

A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you.

You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position.

If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. Please read full disclaimer HERE.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Trading Levels for Next Week

Daily Levels for May 26th/27th, 2025

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Would you like to receive daily support & resistance levels?

Trading Reports for Next Week

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

www.mrci.com

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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.

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Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Futures Trading Platform MotiveWave

In today’s fast-evolving landscape of futures trading, choosing the right online futures trading platform can significantly impact your success. One platform making waves among traders—both seasoned and novice—is the MotiveWave Futures Trading Platform. Known for its depth, versatility, and user-centric design, MotiveWave trading offers everything from cutting-edge charting tools to seamless mobile integration.

This comprehensive MotiveWave review explores the platform’s core features, pricing, usability, and how it pairs perfectly with Cannon Trading Company to deliver an unparalleled futures trading platform experience.

What Is MotiveWave?

MotiveWave is a high-performance futures trading platform designed to cater to both manual and algorithmic traders. Initially popular among forex and equity markets, it has gained significant traction as an online futures trading platform. Its strength lies in its sophisticated tools and customizable interface, making it suitable for retail traders and institutional users alike.

From MotiveWave mobile access for on-the-go trading to advanced desktop functions via MotiveWave download, the software adapts to various trading styles. Add in Java-based scripting, modular add-ons, and high compatibility with brokers, and it’s clear why this is a leading platform in today’s markets.

Top Features of MotiveWave for Futures Traders

  1. Comprehensive Charting and Technical Tools
    One of the hallmarks of MotiveWave software is its advanced charting suite. With over 300 technical indicators, Fibonacci tools, Elliott Wave patterns, Gann strategies, and annotation features, it provides the precision needed for in-depth market analysis.

    This makes MotiveWave trading ideal for users who rely heavily on technical analysis. Whether you’re backtesting historical data or analyzing real-time markets, the software’s visual interface gives a clear edge.

  1. Strategy Builder and Automation
    The built-in Strategy Builder in MotiveWave software allows traders to create and test automated strategies with ease. It requires no programming skills, though advanced users can leverage Java SDKs for full customization.

    This feature empowers users to transition from manual to automated trading seamlessly—making it one of the standout capabilities in any MotiveWave review.

  1. Market Replay and Simulation
    The Market Replay function allows traders to practice in real-market conditions using historical data. This enhances decision-making without risking real capital. It’s a vital tool for both strategy development and education.
  1. Multi-Broker and Data Feed Integration
    MotiveWave supports major brokers and data feeds including Rithmic, CQG, Interactive Brokers, and others. This ensures reliable, fast, and real-time market data, enhancing performance and decision-making.

    For traders seeking a flexible futures trading platform, this level of integration is essential.

  1. Scalable Pricing Tiers
    Is MotiveWave free? Not entirely. The platform offers a free trial, allowing users to explore core functionalities. Once ready to commit, users can choose from several tiers, depending on the desired features.

    The MotiveWave price structure is designed to grow with the user—from beginner-level access to robust institutional-grade packages.

  1. Notifications and Alerts
    Alerts can be set based on price actions, indicators, or custom triggers. These can be delivered via desktop, email, or mobile, ensuring you’re always in tune with the market—even when you’re away from your desk.

    Whether you’re using MotiveWave mobile or desktop, this feature supports proactive decision-making.

  1. Full Mobile Functionality
    MotiveWave mobile gives traders the power to access markets from anywhere. The app’s responsive design ensures full functionality, allowing users to manage positions, monitor alerts, and execute trades in real-time.

    This convenience is a major highlight in any thorough MotiveWave review.

  1. Workspace Customization
    The platform lets you design personalized workspaces—color themes, multi-timeframe chart views, custom toolbars, and more. It’s perfect for reducing clutter and improving efficiency.

    For frequent users, especially those who run several strategies at once, this can be a game-changer.

  1. Order Management and Risk Controls
    Tools like trailing stops, OCO orders, and bracket trades are seamlessly integrated. They offer traders enhanced risk management and order execution precision—critical for futures market volatility.

Try a FREE Demo!

MotiveWave Login and Setup

Getting started is simple. The MotiveWave login process includes secure, two-factor authentication and customizable dashboards. Once logged in, traders can tailor the layout to suit their trading style.

The MotiveWave download is available on the official website and supports Windows, macOS, and Linux. Updates are frequent, ensuring compatibility and security.

Is MotiveWave Free?

A common beginner question is: Is MotiveWave free? While there’s no fully free version, the platform offers a generous trial to explore its core features. Once the trial ends, pricing tiers become available.

However, with features such as strategy automation, integrated market data, and custom analytics, the MotiveWave price reflects its value. Cannon Trading occasionally provides special offers or extended trials, adding to its appeal.

Why Cannon Trading Enhances the MotiveWave Experience

MotiveWave Experience

MotiveWave

Cannon Trading Company is more than just a broker—it’s a long-established industry leader that complements MotiveWave trading with unmatched support and guidance. Here’s how:

  1. 35+ Years of Experience
    Founded in 1988, Cannon Trading brings deep market knowledge and veteran insights to the table. Their guidance ensures you get the most out of the MotiveWave futures trading platform.
  1. Stellar Reputation
    With multiple 5-star TrustPilot reviews, Cannon Trading is known for integrity, client care, and reliable service. Their clients range from hobbyist traders to seasoned professionals.
  1. Regulatory Excellence
    Cannon Trading is CFTC-registered and NFA-member approved. Traders can feel confident that Cannon Trading is following regulatory regulations.
  1. Platform Variety
    While MotiveWave software is a highlight, Cannon offers over a dozen other online futures trading platform options. This versatility ensures every trader finds their fit.
  1. Trader Education and Support
    Cannon Trading provides in-depth tutorials, webinars, live chat support, and daily market insights. Their onboarding process for MotiveWave download and setup is especially praised by new users.
  1. Competitive Pricing
    Low commissions and flexible plans make Cannon a cost-effective choice for using MotiveWave software. The combination of pricing and performance creates a superior trading environment.

MotiveWave Review: What Traders Are Saying

User feedback consistently reinforces a positive MotiveWave review. Traders point to its robust charting, customization, and real-time data access as defining strengths. Both manual and automated traders find value in its design.

Many highlight how MotiveWave trading simplifies complex strategies while offering powerful tools under the hood. Add MotiveWave mobile to the mix, and it’s a platform that fits every lifestyle.

Cannon Trading’s support team is often mentioned in tandem with the MotiveWave review experience, especially for helping new users navigate setup, MotiveWave login, and ongoing optimization.

Final Thoughts

The MotiveWave Futures Trading Platform stands out in the crowded landscape of online futures trading platform options. From customizable workspaces to algorithmic execution and mobile access, its versatility is hard to beat.

The platform delivers performance where it counts, backed by cutting-edge tools and support.

Combined with Cannon Trading’s decades of experience, you’re not just getting software—you’re getting a trading partner.

For anyone serious about stepping up their game in the futures markets, MotiveWave—especially when paired with Cannon Trading—is a great decision.

Try a FREE Demo!

Ready to start trading futures? Call us at 1(800)454-9572 (US) or (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Follow us on all socials: @cannontrading

Memorial Day hours, July Wheat, Levels; Your 3 Important Need-To-Knows for Futures Trading on May 23rd, 2025

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Wheat Outlook and Memorial Day Schedule

The upcoming US Memorial Day Holiday Trading Schedule for Friday, May 23rd, through Monday, May 26th, 2025, is below.

Memorial Day trading Schedule is available!

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July Wheat

July wheat activated upside PriceCount objectives and satisfied the first count to the $5.53 area. It would be normal for the chart to react in the form of a near term consolidation or corrective trade from this level, and it is. If we can sustain further strength, the second count projects a run to the $5.70 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for May 23rd, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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Find us on Trustpilot

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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.

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Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

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TradingView Futures Trading Platform

Futures trading has undergone a major transformation with the emergence of modern, intuitive platforms offering comprehensive analytical capabilities. Among them, the TradingView Futures Trading Platform has rapidly become a favorite among both retail and institutional traders. With its real-time charting tools, global market access, and flexible deployment through desktop and mobile applications, TradingView brings together technology, analysis, and “Seamless” trading in one package.

Cannon Trading Company is a trusted name in the futures trading industry for over three decades. We offer this platform along with other platforms on our website. By combining TradingView’s powerful features with Cannon Trading’s seasoned expertise, traders can enjoy a high-performance online futures trading platform designed to optimize strategy execution and support long-term success.

TradingView Futures Trading Platform Features:

The TradingView Futures Trading Platform is a cloud-based and cross-device compatible solution designed to enhance the way futures traders interact with markets. Offered as a TradingView download, TradingView app, or TradingView Desktop program, it ensures accessibility from virtually any device. Whether you’re at your desk or trading on the go, this flexibility lets you track and respond to market opportunities instantly.

Through the TradingView free version, users can explore core features and interact with a vibrant social community. More advanced users may opt for premium versions to unlock deeper analytics, advanced alerts, and full market data streams. The hallmark of the platform remains its TradingView chart interface, delivering unparalleled control over technical analysis with real-time updates and the ability to execute trades through connected brokers.

Try a FREE Demo!

Real-Time Market Analysis Through TradingView Charting

At the core of the experience is the versatile and detailed TradingView chart system. These charts provide extensive customization, supporting dozens of visualization styles such as candlesticks, bars, Renko, and Heikin Ashi formats. For traders focused on detail and precision, this tool is indispensable.

Users benefit from a vast library of built-in technical indicators as well as the ability to script their own using Pine Script. This is especially valuable for those building proprietary strategies. With TradingView chart live updates, sourced directly from major exchanges like the CME and ICE, traders are kept in sync with the market in real time.

TradingView Desktop, App, and Cross-Platform Integration

TradingView offers seamless compatibility across platforms. The TradingView Desktop application is ideal for multi-monitor setups and intensive analysis, while the TradingView app delivers full functionality on smartphones and tablets. Whether you initiate a TradingView download for Windows or access it via the browser, the user experience remains smooth and consistent.

This cross-platform functionality enhances the online futures trading platform experience, giving users the freedom to analyze and execute trades from wherever they are.

Strategic Tools for Serious Futures Traders

TradingView offers a suite of tools designed to meet the nuanced needs of futures traders. These go beyond basic charting:

  • Depth of Market (DOM) integration reveals the full order book, showing real-time bid/ask activity and enabling faster, more informed execution.
  • An embedded economic calendar and real-time news feed help traders stay ahead of macroeconomic shifts, all without leaving the TradingView Desktop or TradingView app environments.
  • Historical data backtesting enables users to validate and optimize trading strategies based on prior market behavior—an essential step for algorithmic and quantitative trading models.

 

Practicing Without Risk: TradingView Free Paper Trading

Before risking capital, traders can take advantage of TradingView free paper trading functionality. This provides a simulation environment that mimics real market conditions using TradingView chart live data. It’s a perfect space for new users to learn, as well as for seasoned traders to experiment with new approaches without financial exposure.

Try a FREE Demo!

Building Community and Strategy Together

One of TradingView’s unique strengths lies in its integrated social trading features. Traders can share chart setups, scripts, and insights publicly or within dedicated groups. This community aspect empowers users to learn from peers, discover fresh perspectives, and develop more effective strategies through collaborative learning.

The platform’s marketplace of user-generated tools, scripts, and alerts further extends its capabilities, making the TradingView Futures Trading Platform one of the most dynamic in today’s market.

Trusted Broker Connectivity: Cannon Trading Company

TradingView

Cannon Trading Company Reviews

Choosing the right platform is only half of the equation—reliable brokerage support is equally essential. That’s where Cannon Trading Company steps in.

With more than 35 years of experience in the futures trading industry, Cannon has built a reputation for professionalism, education, and results. Their brokers bring institutional-grade expertise, helping clients navigate everything from platform setup to advanced trading techniques. They are deeply familiar with TradingView chart tools and know how to align platform capabilities with individual trading styles.

Cannon’s regulatory track record speaks for itself. As a registered NFA member under the CFTC, Cannon adheres to the highest standards of compliance. This makes them a top-tier partner for any trader seeking secure access to the TradingView Futures Trading Platform.

Personalized Support and Free Platform Options

While TradingView is a flagship solution, Cannon offers a variety of free trading platforms, including CQG, MultiCharts, R-Trader, and Sierra Chart. These alternatives are suited to different styles and preferences. Yet, for traders focused on visual analysis and real-time market responsiveness, the TradingView integration stands out.

Cannon also sets itself apart by offering real-time, personalized broker support. Their team assists with everything from setting up the TradingView Desktop, syncing accounts, and using TradingView chart live data feeds. This high-touch approach ensures clients can focus on strategy rather than tech troubleshooting.

Getting Started: How to Trade Futures with TradingView and Cannon

Embarking on your futures journey using this powerful platform and broker partnership is straightforward:

  1. Register on TradingView – Download the TradingView app or TradingView Desktop using the official TradingView download portal. Create a TradingView free account and start exploring tools and layouts.
  2. Open a Cannon Account – Visit Cannon’s website to apply for a futures trading account. Choose TradingView as your platform of choice.
  3. Link the Platforms – Once your account is approved, integrate your login credentials with the TradingView Futures Trading Platform. You’ll then gain access to live trading powered by TradingView chart live data and Cannon’s market connectivity.

The Ultimate Combo for Futures Traders

The partnership between TradingView and Cannon delivers a comprehensive trading experience. On one side is a futures trading platform that blends visual power, data depth, and community engagement. On the other is a brokerage firm with decades of experience and a stellar industry reputation.

Together, they provide:

  • Cutting-edge charting through TradingView chart systems.
  • Anytime, anywhere access via the TradingView app, TradingView Desktop, and TradingView free offerings.
  • Secure, regulated trade execution with expert support from Cannon.
  • A seamless gateway to real-time markets including TradingView deriv and other global futures exchanges.

This synergy creates a reliable, powerful, and adaptable online futures trading platform setup that meets the needs of both new traders and seasoned pros.

Whether you’re trading commodities, indices, or energy contracts, using TradingView deriv analytics or simply exploring new strategies with TradingView chart live, the TradingView-Cannon collaboration equips you with the tools and support needed to succeed.

Try a FREE Demo!

For more information, click here.

Ready to start trading futures? Call us at 1(800)454-9572 (US) or (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Follow us on all socials: @cannontrading

What to Know Before Trading Futures on May 22nd; Your 4 Important Need-To-Knows for Equity Indexes, Financials, Crypto

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What to Know Before Trading Futures on May 22nd

Key Points for Tomorrow

By Mark O’Brien, Senior Broker

futures

Equity Indexes / Interest Rates:

Stock index futures turned lower this afternoon after a disappointing Treasury bond auction accelerated a selloff in the debt market.

The June E-mini Dow Jones futures contract dropped over 800 points, more than 2.0%, leading the E-mini S&P 500 and E-mini Nasdaq indexes lower in afternoon trading.

Financials:

U.S. 30-yr. T-bond and 10-yr. T-note futures also sold off and correspondingly debt yields spiked, with the 10-yr. rate climbing toward 4.6% and the 30-yr. rate eclipsing 5.0%

Yields extended gains in the afternoon after a $16 billion auction of 20-year Treasury bonds attracted relatively soft demand from investors, selling at a higher yield than traders had anticipated.

The selloff in stocks followed earnings reports from retailers Target, Lowe’s and TJX. Target cut its annual outlook.

Crypto:

Bitcoin futures climbed to a new all-time high for the first time since January. The current front-month May futures contract traded intraday up to 110,745 before paring its gains. Bitcoin futures total open interest surged to a record $75 billion, signaling heightened leveraged exposure as traders are eyeing a breakout above a key $108,000 resistance level. The CME Group / Chicago Mercantile Exchange leads with $17.43 billion in open interest. Within the highly leveraged environment, the potential for liquidations of short positions becomes a powerful force that could propel Bitcoin futures to new highs.

 

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Memorial Day Schedule

Memorial-Day-2025 image

Daily Levels for May 22nd 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.
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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot

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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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Day Trading Margins, June Milk Class III, CME Trading Challenges; Your 3 Important Need-To-Knows for Trading Futures on May 21st, 2025

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Margins

SPAN and Day Trade Margins

by John Thorpe, Senior Broker

margins

Dive into Margin creation

Day trade margins are back to “normal” day trade valuations.

Remember Trump highlighted the need to pass and extend his 2017 tax cuts which are set to expire at years end if a new bill wasn’t passed to extend those tax credits.

Well, we are on the doorstep of that request.  Watch for equity index strength if it passes in the house this week and weakness if it doesn’t. Memorial Day weekend was his target to have the legislation passed.

A quiet data day tomorrow.

On a different note, I hear a lot about from my day traders want to understand more clearly how margin is set and when can we expect reduced day trade margins.

Here’s the short version: Margins are set by the exchange based on a number of factors then the clearing houses adjust day trading parameters based on the exchange Initial margin. Volatility is the biggest factor to affect exchange minimum initial margin.

Here’s the long story from the CME:

https://www.cmegroup.com/solutions/risk-management/performance-bonds-margins/span-methodology-overview.html

Market volatility is here to stay for the foreseeable future with it’s ebbs and flows.

Choose your opportunities wisely. Today’s market swings were largely back to normal ( pre tariff talk normal)

Tomorrow:

Econ Data:  EIA Energy stocks.

FED Speak: One speaker Barkin @ 11am CT

Earnings: TJ Max, Lowe’s, Medtronic, Target

Tariff news:  Anything goes!

SPAN Methodology Overview

CME SPAN is a market simulation-based Value at Risk system that allows you to assess risk on a portfolio basis. Explanations and examples of risk arrays and SPAN analysis are included.

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June Milk

June class III milk satisfied its second upside PriceCount objective and is correcting. At this point, IF the chart can resume its rally into new sustained highs the third count would project a potential run to the 20.55 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for May 21st, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.
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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot

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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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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June Emini S&P, CannonX Custom Time on the Chart, Levels; 3 Important Need-To-Knows for Trading Futures on May 20th, 2025

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What to Know Before Trading Futures on May 20th, 2025

June Emini S&P

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Emini S&P

The June Emini S&P activated upside PriceCount objectives off the April low last month. Now, the chart is approaching its first count to the 6030 area where it would be normal to get a near term reaction in the form of a consolidation or corrective trade.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

S
On a different note, here are some tips on creating a custom time chart interface using our FREE CannonX platform! (free demo)

How to create a custom Time on the charts?

Click on the arrow next to the current time interval

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Click on the custom option and type in the number of minutes or days you would like to see.
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Click ok and your new chart with custom time is available! In this example i selected 13 minutes.
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Daily Levels for May 20th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot

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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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Volatility, 16 Fed Speeches, July Coffee; Your Important Need-To-Knows for the Week of May 19th, 2025

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Cannon Futures Weekly Letter

In Today’s Issue #1242

  • LIVE, FREE Demo for Futures & Options

  • The Week Ahead – 16 Fed Speakers, Earnings, Housing, Tariffs, Volatility

  • Futures 102 – 5 Short Videos to Help Your Trading

  • Hot Market of the Week – July Coffee

  • Broker’s Trading System of the Week – Heating Oil Swing Trading System

  • Trading Levels for Next Week
  • Trading Reports for Next Week

Free Demo: Live Data, Streaming Charts

Introducing the newest trading platform to our already prominent selection: CannonX

  • Cloud-based and compatible with Windows and MacOS
  • Top-of-the-line tradable charts with abundant indicators and drawing tools
  • Option quotes display for all expirations and including all “Greeks.”
  • Quote programmability for straight futures and options as well as futures and option spreads, including multi-leg/complex options spreads.
  • Depth-of-market display at your fingertips for any of the position types listed aboveFull, easy-to-read account information display

START YOUR DEMO NOW

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Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Volatility!

volatility

16! Count ‘em, 16 Fed speeches next week, a full week of trading in advance of Memorial Day weekend. Volatility expected.

More volatility to come as next week all markets will be reacting to whatever comes out of the U.S. Gov’t leadership relating to conflicts cessation and trade deals. Therefore, increased volatility expectations.

Look for changes from hawkishness to the doves fly in the tone and tenor of Fed speeches next week. June 18th is the next FOMC rate decision release.

Economic hard data Highlights next week will include Chicago Fed Economic Activity Index, Purchasing Managers Index, and few housing market numbers. Earnings reports will reflect 350+ total reports while we are in the bottom of the 7th inning of earnings season, the reports can still impact the indices but much less than in past weeks Highlighted by Home Depot, Palo Alto Networks, TJ Max and intuit to name a few Large Cap stocks.

Earnings Next Week:

  • Mon. Quiet
  • Tue. Home Depot, Palo Alto Networks
  • Wed.  TJ Max, Lowes, Medtronic
  • Thu. Intuit
  • Fri. Quiet

FED SPEECHES:

  • Mon.     Bostic 7:30 am, Jefferson and Williams 7:45 am, Logan 123:15pm, Kashkari 12:30 pm
  • Tues.     Barkin and Bostic 8:00 am, Collins 8:30 am, Musalem 12:00pm, Kugler 3:00 pm, Daly  and Hammack 5:00 pm
  • Wed.     Barkin 11:00am
  • Thu.      Williams 1:00pm,
  • Fri.       Cook 11:00am

Economic Data week:

  • Mon. CB index of leading indicators
  • Tue. quiet
  • Wed. EIA Crude Stocks,
  • Thur. Chgo Fed Activity Index, Initial claims, PMI, Existing Home Sales, KC Fed Activity Index, EIA Nat Gas
  • Fri. Bldg Permits, Home Sales

Futures 102: Short Trading Videos to Improve Your Trading

Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.

·    Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS

·    Some common uses you can make of support and resistance levels.

·    Filter out the noise with range bar charts

·    “Price Confirmation” how to use it for entering trades?

·    Where do I exit a profitable position?

Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

July Coffee

The July Coffee failed upside attempt!

 

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Brokers Trading System of the Week

Swing 61B Trading System

Market Sector: Energies

Markets Traded:   HO – Heating Oil

System Type:  Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $25,000

Developer Fee per contract: $145.00 Monthly Subscription

System Description:

Trade ES futures. System coded to seek long or short entries, and the system only uses the higher probability signal. System contains a money management component.

Get Started

Learn More

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Disclaimer: The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

Futures Trading Disclaimer:

Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”.

A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you.

You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position.

If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position.

If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. Please read full disclaimer HERE.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Trading Levels for Next Week

Daily Levels for May 19th, 2025

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Would you like to receive daily support & resistance levels?

Trading Reports for Next Week

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

www.mrci.com

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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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Crude Oil Volatility, CannonX Futures Trading Platform Time Charts – Your 2 Important Need-To-Knows for Trading Futures on May 16th, 2025

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What to Know Before Trading Futures on May 16th

crude oil

 Crude Oil Volatility Continues!

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On a different note, here are some tips on creating a custom time chart interface using our FREE CannonX platform! (free demo)

How to create a custom Time on the charts?

Click on the arrow next to the current time interval

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Click on the custom option and type in the number of minutes or days you would like to see.
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Click ok and your new chart with custom time is available! In this example i selected 13 minutes.
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Daily Levels for May 16th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot

stars

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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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PPI, Manufacturing Surveys, CannonX Time on Charts; 3 Important Need to Knows for Futures Trading on May 15th, 2025

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What to Know Before Trading Futures on May 15th

PPI, Key points for tomorrow

By Mark O’Brien, Senior Broker

ppi

Keep an eye out for tomorrow’s economic reports, starting at 7:30 A.M., Central Time with the release of the Bureau of Labor Statistics’ PPI, showing the cost of wholesale goods and services.

The PPI reading reflects what companies pay for supplies such as grains, fuel, metals, lumber, packaging and so forth. The PPI is a key inflation gauge.

At the same time, the Labor Department will release its Initial Jobless Claims, which measures the number of individuals who filed for unemployment insurance for the first time during the past week.

Manufacturing Surveys

Although with less cachet, tomorrow will also see the release of the Empire State Manufacturing Survey, which is a monthly survey of manufacturers in New York State conducted by the Federal Reserve Bank of New York.

Probably in the same category the Philadelphia Fed Manufacturing Survey will be released by the Federal Reserve Bank of Philadelphia.

Both surveys will be released at 7:30 A.M., Central Time.

Probably the most compelling event tomorrow will be at the Thomas Laubach Research Conference in Washington, D.C. where Fed Chair Jerome Powell will speak at 7:40 A.M., Central Time.

CannonX Time on the Charts

On a different note, here are some tips on creating a custom time chart interface using our FREE CannonX platform! (free demo)

How to create a custom Time on the charts?

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Click on the arrow next to the current time interval

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Click on the custom option and type in the number of minutes or days you would like to see.
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Click ok and your new chart with custom time is available! In this example i selected 13 minutes.
8bfee785 e13b 4837 bd51 e65da93adb30

Daily Levels for May 15th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.
822b33c5 2339 45ed bc84 e9c8f8c7358e

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot

stars

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.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon

or wherever you listen to podcasts!

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Facebook  Instagram  LinkedIn
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