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Daily Heiken-Ashi Chart of the Mini S&P 5.27.2015

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday May 27, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Some what of a sell off today although the market bounced pretty good of the lows before the close.

Volume has been very low this past 2 months. take a look at the chart below and see how volume has been consistently below its 12 day moving average since mid March.

I must admit indices have been hard to trade, at least for me personally. I have been having more luck with bonds and Crude oil than the mini SP and mini Russell. I hope that volume and volatility like today will return sooner than later to stock index futures.

Daily Heiken-Ashi chart of the mini SP below for your review along with potential targets above and below:

EP -  E-Mini S&P 500, Equalized Active Daily Continuation:Heikin-Ashi

EP – E-Mini S&P 500, Equalized Active Daily Continuation:Heikin-Ashi

 

GOOD TRADING

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!


Futures Trading Levels

Contract June 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2153.33 4609.17 18501 1273.57 98.68
Resistance 2 2140.17 4573.83 18378 1263.33 98.08
Resistance 1 2122.33 4525.67 18211 1250.57 97.74
Pivot 2109.17 4490.33 18088 1240.33 97.14
Support 1 2091.33 4442.17 17921 1227.57 96.80
Support 2 2078.17 4406.83 17798 1217.33 96.20
Support 3 2060.33 4358.67 17631 1204.57 95.86
Contract June Gold July Silver July Crude Oil June Bonds June   Euro
Resistance 3 1225.1 17.59 62.30 159 3/32 1.1120
Resistance 2 1216.7 17.38 61.28 157 23/32 1.1066
Resistance 1 1201.7 17.05 59.76 156 31/32 1.0973
Pivot 1193.3 16.85 58.74 155 19/32 1.0919
Support 1 1178.3 16.52 57.22 154 27/32 1.0826
Support 2 1169.9 16.31 56.20 153 15/32 1.0772
Support 3 1154.9 15.98 54.68 152 23/32 1.0679
Contract July Corn July Wheat July Beans July SoyMeal June Nat Gas
Resistance 3 361.5 516.6 935.00 312.50 3.00
Resistance 2 360.0 511.7 932.00 310.30 2.95
Resistance 1 357.5 502.6 927.25 306.10 2.90
Pivot 356.0 497.7 924.25 303.90 2.86
Support 1 353.5 488.6 919.5 299.7 2.8
Support 2 352.0 483.7 916.50 297.50 2.77
Support 3 349.5 474.6 911.75 293.30 2.71
5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:15pm Currency Impact Detail Actual Forecast Previous Graph
WedMay 27 2:00am EUR GfK German Consumer Climate 10.0 10.1
Day 1 ALL G7 Meetings
Tentative EUR German 30-y Bond Auction 1.07|1.3
9:00am EUR Belgian NBB Business Climate -5.7 -6.2

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

 

Tags: > > Posted in: Commodity Trading   | Crude Oil   | Day Trading   | Future Trading News   | Futures Trading   | Indices  

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