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Category: Trading Guide

Trading guide, as you can understand from the term, is a compilation of tips and tricks that can help you in trading. Whether you are new to the world of trading or are an expert in it, a trading guide is a very useful document.

Moreover, every trading guide has a specific purpose. So, if you are thinking about trading, a trade guide will serve you like a self-help manual. So, whether it is about trading options, metals, grains or any other futures contract– a trading guide has all the information in it.

You don’t need to buy one, for you will able to find a number of them online. We at Cannon Trading help you make the most of your trading ventures. Therefore, we have compiled some of the best trading guides for you to learn from. Listed under this category archive are some trade guides using which you can use to help you succeed in many trading ventures. There is enough information in these guides that can help you master the art of trading futures and options smartly.

Add price confirmation workflow for signal-based intraday trading PLUS: Pre-Market Briefing PODCAST, July Coffee, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 27th, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4420.60 4464.50 4523.90 4567.80 4627.20

Silver (SI)

— July. (#SI)

 73.96 75.66 77.45 79.15 80.94

Crude Oil (CL)

— July. (#CL)

 87.26 90.40 92.55 95.69 97.84

 June Bonds (ZB)

— June. (#ZB)

 111  6/32 111 21/32 112 4/32 112 19/32 113 2/32

Add price confirmation workflow for signal-based intraday trading

intraday

Overview

  • Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
  • The core behavior is to wait for the market to respect the signal before entering:
  • For a sell signal, confirm by breaking below the previous bar low.
  • For a buy signal, confirm by breaking above the previous bar high.
  • Helps filter out weak or premature signals and encourages more patient trade selection.
  • Demonstrates how the signal indicator can be paired with additional visual context, including:
  • Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
  • Trailing-stop management once the trend begins to fade or reverse.
  • Reinforces that the trader still needs to manage:
    • position size
    • stops
    • targets
    • trade exits
  • Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.
  • used as a discretionary visual aid and not as a hard entry/exit requirement.
  • This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE
Price Confirmation
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July Coffee

July Coffee satisfied the second downside PriceCount objective and is showing some stability. At this point, IF the chart can resume its break with new sustained lows, the third count would project a possible slide to the 215.65 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.

Cannon Edge — Your Daily Futures Snapshot for May 27th
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Daily Levels for May 27th
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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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12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Memorial Day 2026 Modified Trading Hours PLUS: July Hogs, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on May 22nd, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4451.17 4498.13 4535.27 4582.23 4619.37

Silver (SI)

— July. (#SI)

 73.64 75.36 76.42 78.15 79.21

Crude Oil (CL)

— July. (#CL)

 91.72 94.59 98.62 101.49 105.52

 June Bonds (ZB)

— June. (#ZB)

 108 21/32 109 1/32 109 8/32 109 20/32 109 27/32

Memorial Day Weekend is approaching, and markets will have modified trading hours Monday, May 25h.

Please see some highlights below and click on the image below for full schedule.
memorial day
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July Hogs

July Hogs resumed their break with a new low. If sustained, the second downside PriceCount objective projects a slide to the 98.72 area. A trade below the December reactionary low would formally negate the remaining unmet upside count.
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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.

Cannon Edge — Your Daily Futures Snapshot for May 22nd
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Daily Levels for May 22nd
c30a889a e50e 4fbf b76d 01636b9669fc

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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.
Call Now

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Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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When the Bond Market Speaks – Listen! PLUS: June Natural Gas, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t Miss Need-To-Knows for Trading Futures on May 19th, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4439.87 4501.33 4544.97 4606.43 4650.07

Silver (SI)

— July. (#SI)

 72.32 75.04 76.83 79.55 81.34

Crude Oil (CL)

— June. (#CL)

 95.31 98.63 101.92 105.24 108.53

 June Bonds (ZB)

— June. (#ZB)

 109 23/32 110 4/32 110 19/32 111 111 15/32

When the Bond Market Speaks – Listen!

By Eli Levy, Senior Analyst

bond

AI IPOs

When I glue all these notes together my conclusion is that the burden will be on the bulls until we speak next week (the trader’s perspective is fade the rally). There is always an if; my if is NVDA — “sell on the news” is what the street says, but in this AI frenzy people are paying crazy forward multiples of sales for new IPOs such as Cerebras, and NVDA has the electricity to send this game into overtime.

Your best bet is to sit this one out until Friday and enjoy the show — let the market show us what’s going on. We don’t always need to get front row seats.

There’s a moment in every cycle when the bond market stops being background noise and becomes the story itself. We are in one of those moments. The G7 government bond yield complex just printed its highest reading in more than twenty years, and Dr. Torsten Slok at Apollo captured the diagnosis cleanly in The Daily Spark this week: this is not a one-factor move.

Energy Inflation

Four forces are pulling in the same direction at the same time — renewed inflationary pressure from elevated energy prices as the Middle East conflict disrupts global oil supply; persistently large government deficits requiring ever-increasing bond issuance; the end of central bank quantitative easing, with the Fed balance sheet potentially shrinking; and investors, finally, demanding higher term premiums and higher inflation premiums in a world that is visibly deglobalizing. None of those four are close to resolution.

As Slok puts it, the era of artificially suppressed yields appears firmly behind us — rates will stay higher for longer, and investors should plan accordingly.

G7

You can see the framework playing out tick by tick. Treasuries breached three levels at once into Friday’s options expiration: the 2-year cleared 4.00%, the 10-year cleared 4.50%, the 30-year cleared 5.00%. The breakouts were not just a U.S. story. Japan’s 10-year JGB printed its highest yield since 1997. The UK 10-year reached levels not seen since 2008. France’s 10-year took out its 2009 high.

When the entire G7 long end moves together like this, it stops being a national story and starts being a regime story. The proximate catalysts were easy to inventory — WTI crude up roughly 10% on the week to about $105 a barrel, no real progress on Iran, hotter-than-expected inflation readings, and the formal handoff to a new Fed Chair. But the underlying engine is what Slok described. The bid that suppressed yields for a decade is gone, and the new buyers want to be paid.

See review of many charts from different segments along with key levels to watch and market direction HERE.

June Natural Gas

June Natural Gas has not been able to complete any of its downside PriceCounts off the large February leg to date. Now, the chart has activated upside counts and satisfied the first objective to the 3.09 area. If we can sustain further strength, the second count would project a possible run to the 3.27 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.

FREE TRIAL TO QT MARKET Center – Access to analysis, tools, news & Much more!

Highly recommended for HEDGERS!

Cannon Edge — Your Daily Futures Snapshot for May 19th
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Daily Levels for May 19th, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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.
Call Now

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon

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Memorial Day Weekend 2026 Trading Hours

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Memorial Day Weekend 2026 Trading Hours

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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.
Call Now

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

AI Stocks push higher, leading a bullish market PLUS: How to Place a Trailing Stop on CannonX VIDEO, Pre-Market Briefing PODCAST, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 12th, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4616.57 4681.33 4719.87 4784.63 4823.17

Silver (SI)

— July. (#SI)

 77.04 81.91 84.40 89.27 91.77

Crude Oil (CL)

— June. (#CL)

 94.01 96.12 98.25 100.36 102.49

 June Bonds (ZB)

— June. (#ZB)

 112  16/32 112 24/32 113 6/32 113 14/32 113 28/32

Technical Analysis Weekly Market Update

By Eli Levy, Senior Analyst

CPI tomorrow is a market moving report and we anticipate higher volatility going into and right after the report.

ai

Over a week old but still the best quote — Jeff DeGraff of Renaissance Macro had what I think was the cleanest framing of where this market sits as we close out April: we’re still dancing, but we’re staying in close proximity to the door. The tape, as DeGraff put it, is the dominant factor — and the tape is moving in the right direction. That keeps him constructive.

Artificial Intelligence (AI)

The driving engine behind this week’s push higher in stocks continued to be the artificial intelligence (AI) infrastructure plays, especially in the chip stocks. AMD reported earnings on Tuesday and helped fuel additional bullish momentum as AMD CEO Lisa Su once again revised longer-term growth expectations higher. The continuous data points from the chip companies suggest that compute demand still outstrips supply.

Another euphoric week and not without reason. Friday morning’s stronger-than-expected monthly jobs report appears to be reinforcing the notion that the labor market is firm, and the AI secular growth story will continue to support economic growth, regardless of higher oil prices and no rate cuts from the Federal Reserve. Are markets becoming complacent? Possibly — but current conditions still support bullish momentum. The global economy is experiencing a major capital expenditure cycle, while earnings expectations continue to trend higher.

Bullish Positioning

As long as pullbacks are consistently bought and dip buyers continue to be rewarded, bullish positioning can reinforce itself and extend trends longer than many expect. When markets continue stair-stepping into new all-time highs, there is little historical resistance overhead. In these environments, price discovery remains active, meaning the market is still attempting to determine fair value.

Near-term conditions may appear overbought, particularly in areas like the semiconductor sector, but overbought conditions alone do not determine when a pullback will occur. Strong momentum can persist longer than expected.

Instead of predicting reversals solely from stretched conditions, traders should monitor for actual signs of weakening momentum, such as: bearish reversal candlestick patterns on the daily timeframe; failed breakouts or loss of follow-through; deteriorating breadth or momentum confirmation; and negative news.

See review of many charts from different segments along with key levels to watch and market direction HERE.
How to Place a Trailing Stop on CannonX
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Cannon Edge — Your Daily Futures Snapshot for May 12th
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Daily Levels for May 12th, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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.
Call Now

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon

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12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Non-farm Payrolls (NFP) PLUS: June Live Cattle, Pre-Market Briefing TEXT & PODCAST, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t Miss Need-To-Knows for Trading Futures on May 8th, 2026

Posted on by Cannon Operations
9dc1e02e d5f7 4ff4 abf7 1df60775f196

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4648.80 4684.80 4730.00 4766.00 4811.20

Silver (SI)

— July. (#SI)

 74.76 77.29 79.98 82.51 85.20

Crude Oil (CL)

— June. (#CL)

 86.81 91.39 94.42 99.00 102.03

 June Bonds (ZB)

— June. (#ZB)

 112  12/32 112 25/32 113 15/32 113 28/32 114 18/32

Non-farm Payrolls (NFP)

nfp

What are Non-Farm Payrolls?

Tomorrow’s Non-farm Payrolls (NFP) report is one of the most important catalysts for futures traders, as it can quickly reset expectations for economic growth, interest rates, and Federal Reserve policy.

What drives NFP?

Strong or weak employment data often drives sharp, fast moves in equity index futures, Treasury futures, currencies, and even metals, especially in the minutes immediately following the release.

How can traders use NFP?

For traders, the focus should be less on predicting the number and more on how price reacts—watching volatility, liquidity, and key technical levels to determine whether the market is confirming or fading the initial move. With NFP, disciplined risk management is essential, as expanded ranges and sudden reversals are common once the market digests the data.
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June Live Cattle

June Live Cattle satisfied the second upside PriceCount objective and corrected. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a potential move to the $284.16 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.

Cannon Edge — Your Daily Futures Snapshot for May 8th
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Daily Levels for May 8th
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Add price confirmation workflow for signal-based intraday trading PLUS: June Treasury Bonds, CannonEdge Snapshot, Pre-Market Briefing TEXT AND PODCAST, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 6th, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4487.17 4526.43 4561.97 4601.23 4636.77

Silver (SI)

— July. (#SI)

 71.74 72.52 73.58 74.36 75.42

Crude Oil (CL)

— June. (#CL)

 98.71 100.73 103.11 105.13 107.51

 June Bonds (ZB)

— June. (#ZB)

 111 29/32 112 9/32 112 18/32 112 30/32 113 7/32

Add price confirmation workflow for signal-based intraday trading

intraday

Overview

  • Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
  • The core behavior is to wait for the market to respect the signal before entering:
  • For a sell signal, confirm by breaking below the previous bar low.
  • For a buy signal, confirm by breaking above the previous bar high.
  • Helps filter out weak or premature signals and encourages more patient trade selection.
  • Demonstrates how the signal indicator can be paired with additional visual context, including:
  • Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
  • Trailing-stop management once the trend begins to fade or reverse.
  • Reinforces that the trader still needs to manage:
    • position size
    • stops
    • targets
    • trade exits
  • Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.

Assumptions

  • The PR is intended to document or implement the trading rule described in the Loom rather than change exchange/order-routing logic.
  • Signal generation already exists; this change adds a confirmation step before a trade is considered valid.
  • The previous bar high/low is the intended confirmation reference for both long and short setups.
  • Color Bars are used as a discretionary visual aid and not as a hard entry/exit requirement.
  • This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE
Price Confirmation
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June 10 Year Treasury Bonds

The June 10 Year Treasury Bonds corrected after completing the first downside PriceCount objective in March. Now, the chart is threatening to break down where new sustained lows would project a possible run to the second count to the 108^22 area.
3675ce5b ccc3 4e27 b08f 350b1f4bed3a

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.

Cannon Edge — Your Daily Futures Snapshot for May 6th
19deb9a7 14d9 4736 a55c cb75f4c02a33

Daily Levels for May 6th, 2026
64f58c6c a5cd 4079 9297 251f419aa0dd

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
972fbc9c c06b 467f 8658 14de6345c6e0

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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
S
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ef3ab1c9 8d6d 4e60 a3f1 af5d9d4ecbb3
Services
Software
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Contact
Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Technical Analysis Weekly Market Update PLUS: CannonEdge Snapshot, Pre-Market Briefing TEXT & PODCAST, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on May 5th, 2026

Posted on by Cannon Operations
9dc1e02e d5f7 4ff4 abf7 1df60775f196

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4421.47 4473.33 4561.97 4613.83 4702.47

Silver (SI)

— July. (#SI)

 70.17 71.67 74.10 75.60 78.03

Crude Oil (CL)

— June. (#CL)

 95.59 100.43 103.94 108.78 112.29

 June Bonds (ZB)

— June. (#ZB)

 111 4/32 111 22/32 112 19/32 113 5/32 114 2/32

Technical Analysis Weekly Market Update

By Eli Levy, Senior Analyst

Market

Jeff DeGraff of Renaissance Macro had what I think was the cleanest framing of where this market sits as we close out April: we’re still dancing, but we’re staying in close proximity to the door. The tape is the dominant factor, and the tape is moving in the right direction — that keeps DeGraff constructive.

But RenMac’s market cycle clock is sitting in what has historically been the worst zone for forward S&P 500 returns, and his bubble indicator on semiconductors is still flashing. He also reminded viewers that when an index doubles within a two-year window, there’s a very high probability of a 30%+ correction in the following six months.

S&P 500/Nasdaq

The rest of the week was, frankly, euphoric — April was the best month for the S&P 500 since November 2020, the Nasdaq 100 had its best month since October 2002, and the Nasdaq Composite had its best April on record. We’ve rallied roughly 14% off the late-March lows, driven by the part of the story you actually want driving it: earnings.

Q1 Growth

Q1 EPS growth is tracking at 28.8% versus a 14% expectation — better than a double. Of the 315 S&P names reported, 72% beat top line, 81% beat bottom line, revenue growth at 11.2%, tech earnings growth in the 40s. The hyperscaler CapEx number — roughly $700 billion for the year — was confirmed and extended into 2027.

SOX

SOX printed a fresh all-time high; IGV is now Tom Lee’s top software pick. But the median S&P constituent is still 13% below its 52-week high; chip space monthly moves were parabolic (Intel +114%, Astera +78%, AMD +74%); SPX is sitting ~5.5% above its 50-DMA. Don’t fight the tape. But stay close to the door.

See review of many charts from different segments along with key levels to watch and market direction HERE.
How to Place a Trailing Stop on CannonX
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Cannon Edge — Your Daily Futures Snapshot for May 5th
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Daily Levels for May 5th, 2026
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Economic Reports

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All times are Central Time ( Chicago)
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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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12100 Wilshire Blvd.

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Los Angeles, CA 90025 US

NFP & Middle East, First Notice & Last Trading Days for May 2026, Video Trading Tip of the Week, Futures 102 – New, Exciting Tools for Cannon’s Clients! Feeder Cattle Chart & Outlook, Cannon Edge Snapshot, Levels, Reports; Your Important Can’t-Miss Need-To-Knows for Trading Futures the Week of May 4th, 2026

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Cannon Futures Weekly Letter

In Today’s Issue #1288

  • The Week Ahead – NFP & Middle East

  • First Notice & Last Trading Days for May 2026

  • Video Trading Tip of the Week

  • Futures 102 – New, Exciting Tools for Cannon’s Clients!

  • Feeder Cattle Chart & Outlook

  • Cannon Edge – Your Futures trading Map for the week ahead!

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

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4518.43 4569.87 4621.43 4672.87 4724.43

Silver (SI)

— July. (#SI)

 71.53 73.71 75.62 77.80 79.71

Crude Oil (CL)

— June. (#CL)

 95.36 98.76 102.71 106.11 110.06

 June Bonds (ZB)

— June. (#ZB)

 112 10/32 112 23/32 113 4/32 113 17/32 113 30/32

What Futures Traders Should Watch This Week – NFP, Middle East

By John Thorpe, Senior Broker

nfp

Non-Farm Payrolls (NFP) Friday!

There is an oft heard adage this time of year. “Sell in May and go Away”

This reference to stocks may be outdated to avoid historically lower returns and volatility during the summer, returning in November. While based on long-term data (1945–2026) showing weaker performance in the May–October period, it is considered outdated as stocks often still rise during these months. In the age of AI-driven markets and global investing, this strategy is less relevant. For instance, in the last decade, the May–October period has seen a more robust 7% rise.

Risks of Timing:

Investors who sell in May risk missing out on significant gains, as markets have recorded positive summer returns in 38 of the last 50 years.

Is the smoke clearing in the Mid-East and the markets have a renewed sense of confidence?

The markets are swirling in the uncertainty of a lack of resolution in the attempted unwinding of the Iranian nuclear program.

UAE Exits OPEC May 1st

The United Arab Emirates, effective May 1st, will no longer be an OPEC member. This is important to understand the ramifications for Crude oil and the pressing realignment under foot in the middle east and the world. Here is a fine article discussing some of the ramifications of this decision by the Emiratis. “a long time coming” How to understand the UAE’s decision to leave OPEC

Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.

Of note next week NFP with a few key economic data points to watch. Earnings this week continues, setting up for a very interesting picture for our stock indices. Plan your trade and trade your plan!

Earnings Next Week:

·        Mon. Berkshire Hathaway, Palantir, Diamondback Energy, Tyson Foods

·        Tue. HSBC Holdings, Advanced Micro Devices, Pfizer, Duke Energy, KKR

·        Wed. Disney, Uber, Marriott, CVS, Doordash, Johnson Controls

·        Thu. McDonalds, Gilead Sciences, Monster Bev, AirBnB, Motorola

·        Fri.   Quiet

FED SPEECHES: (all times CDT)

·        Mon.  11:50 am Williams

·        Tues.   11:30 am Barr

·        Wed. 12:00 Goolsbee, 12:30 pm Hammack

·        Thu.  2:30 Williams

·        Fri.   4:45 am Cook, 6:30 pm Bowman, Daly, Goolsbee and Waller

Econ Data:

·        Mon. Building Permits,

·        Tue.  Balance of Trade, Redbook, ISM Services. PMI, JOLTS, New home sales

·        ADP Weekly, API Crude Stock Change

·        Wed. ADP Employment Change, Treasury Refunding, EIA Crude stocks

·        Thu.   Initial Jobless claims, Used Car, Construction spending, Nat Gas Stocks, consumer credit change

·        Fri. NON-FARM PAYROLLS, Michigan consumer sentiment, Baker Hughs Oil Rig Count

FN & LT for May – First Notice & Last Trading Days
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Add price confirmation workflow for signal-based intraday trading – watch video below
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Futures 102: The Daily Briefing by Cannon

Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.

That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.

This briefing changes that (100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.

From the morning calls at Goldman Sachs and JPMorgan, to the independent macro voices moving markets, to the reporters who break desk leaks first — it’s all here, every day, in plain language.

No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.

Read the Latest Briefing HERE and make sure to Bookmark this page!

August Feeder Cattle

August feeder cattle are challenging the April high and threatening to resume the rally. New sustained highs would project a run to the second upside PriceCount objective to the 386.62 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.

FREE TRIAL TO QT MARKET Center – Access to analysis, tools, news & Much more!

Highly recommended for HEDGERS!
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Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for May 4th 2026
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Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

  • Current price and daily % change

  • 30‑day and 52‑week highs/lows

  • PROPRIETARY Short‑term and long‑term trend signals

  • Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

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Daily Levels for May 4th, 2026
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Trading Reports for Next Week

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

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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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Add price confirmation workflow for signal-based intraday trading WITH VIDEO PLUS: June Crude Oil, CannonEdge Snapshot, Pre-Market Briefing WITH PODCAST, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 1st, 2026

Posted on by Cannon Operations
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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4504.90 4567.00 4612.90 4675.00 4720.90

Silver (SI)

— July. (#SI)

 70.64 72.39 73.39 75.14 76.14

Crude Oil (CL)

— June. (#CL)

 99.00 102.26 106.59 109.85 114.18

 June Bonds (ZB)

— June. (#ZB)

 112 2/32 112 16/32 112 26/32 113 8/32 113 18/32

Add price confirmation workflow for signal-based intraday trading

intraday trading

Overview

  • Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
  • The core behavior is to wait for the market to respect the signal before entering:
  • For a sell signal, confirm by breaking below the previous bar low.
  • For a buy signal, confirm by breaking above the previous bar high.
  • Helps filter out weak or premature signals and encourages more patient trade selection.
  • Demonstrates how the signal indicator can be paired with additional visual context, including:
  • Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
  • Trailing-stop management once the trend begins to fade or reverse.
  • Reinforces that the trader still needs to manage:
  • position size
  • stops
  • targets
  • trade exits
  • Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.

Assumptions

  • The PR is intended to document or implement the trading rule described in the Loom rather than change exchange/order-routing logic.
  • Signal generation already exists; this change adds a confirmation step before a trade is considered valid.
  • The previous bar high/low is the intended confirmation reference for both long and short setups.
  • Color Bars are used as a discretionary visual aid and not as a hard entry/exit requirement.
  • This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE
Price Confirmation
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June Crude Oil

June Crude Oil has resumed its rally into a new high. If the chart can sustain further strength, the low percentage fourth upside PriceCount objective would project a possible run to the $121 area.
417cfa84 a487 45de a6ea 32ab9919dea0

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.

Cannon Edge — Your Daily Futures Snapshot for May 1st
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Daily Levels for May 1st, 2026
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Services
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Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US
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.