This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.
To be honest I don’t have any feel for the medium term outlook of stock indices. I do like some of the intraday set ups we get in different markets such as Crude, Euro and the Mini SP. We do have some reports tomorrow and...
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Have a great weekend!! take time to clear your “trading brain” and allow it to recharge. Screen shot from today’s session during our “live charts” service where one can see real-time trade set ups like below (blue diamonds = possible buy, red diamonds = possible...
Not an easy market to read right now in my opinion. It is showing signs like it would like to visit some lower levels, yet there is enough buying interest to keep it above 1127. This Friday monthly unemployment levels will be watched closely. If...
I got two “false” sell signals before this last one….I think the fact that we went through the first FIB level gives this short swing trade higher chances of being correct with initial target of 617.10. Since NONE of us have a crystal ball, one...
FOMC is behind us. Mixed reaction from the market and many times the real direction will show the next day, so tomorrows price action is important to watch. My indicators suggest that as long as we can hold the 1115 level, we still have a...
I wrote yesterday: “Looks like 1122 should be a decision level based on the chart below.” Well very similar comments today…… looks like 1122.75 should be decision level if we are to break upside, while 1105.75 to 1109.25 is the support to watch. Chart for...
Looks like 1122 should be a decision level based on the chart below. Wishing all of you a great trading week. For a free 2-week trial to live intraday trade set ups on the mini SP 500, please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals
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.