Day Trader Client Question of the Day PLUS: CannonEdge Snapshot, July KC Wheat, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on May 13th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

4644.83 4672.47 4703.63 4731.27 4762.43

Silver (SI)

— July. (#SI)

84.49 86.42 88.26 90.19 92.04

Crude Oil (CL)

— June. (#CL)

98.70 99.96 101.81 103.07 104.92

 June Bonds (ZB)

— June. (#ZB)

111 18/32 111 28/32 112 5/32 112 15/32 112 24/32

Today’s question by a client:

If I am a day trader, how should I use the Cannon Edge table you share daily?

day trader

  • Highlight markets where ST = LT
  • Decide bias (long or short)
  • Ignore the opposite side unless extreme setup
  • Use key levels (30-day / 52-week) as targets
  • Execute using your intraday system
  • Avoid markets with conflicting trends unless scalping

What the Cannon Edge Table Actually Gives You

From the screenshot, each market shows:

  • Close & Today’s Change → very short-term momentum
  • 30-day / 52-week highs & lows → key reference levels
  • Short-Term Trend (Up/Down arrows)
  • Long-Term Trend (Up/Down arrows)

In simple terms:

  • Short-term trend = tactical bias (today–this week)
  • Long-term trend = structural bias (bigger picture)
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⚡ How a Day Trader Should Use It (Practical Playbook)

1. Start Every Morning with a Bias Map

Tell your client:

“The table helps you decide what side of the market you want to be on, not where to click buy or sell.”

Example from the image:

  • S&P (EP):
  • Short-term: ⬆️
  • Long-term: ⬆️
  • ✅ → Strong alignment → Look for LONGS intraday
  • Natural Gas (NGE):
  • Short-term: ⬆️
  • Long-term: ⬇️
  • ⚠️ → Conflict → Expect chop / quick trades only

2. Trade WITH Alignment = Higher Probability

This is the most important rule:

✅ When BOTH trends agree:

  • Focus heavily on that direction
  • Be more patient for entries
  • Hold winners longer intraday

From the table:

  • Nasdaq (ENQ): ⬆️ / ⬆️
  • Soybeans (ZSE): ⬆️ / ⬆️
  • Silver (SIE): ⬆️ / ⬆️

These are your “A setups” markets

3. When Trends Conflict → Scalp Mode

⚠️ Short-term UP + Long-term DOWN:

  • Rally = likely resistance
  • Look for fades or quick longs only

⚠️ Short-term DOWN + Long-term UP:

  • Pullback environment
  • Look for dip buys (but not breakouts)

Example:

  • Crude Oil → short-term up, long-term down
  • Expect failed breakouts / range behavior

4. Use High/Low Levels as Intraday Targets

The table gives:

  • 30-day highs/lows
  • 52-week highs/lows

These are institutional reference points.

How a day trader uses them:

  • If price approaches:
  • 30-day high → watch for breakout or rejection
  • Prior range extremes → profit targets

Example:

  • ES near 7483.75 (52-week high)
  • → If price gets close intraday = big decision zone

5. Combine With Your Entry System (Critical)

The table does NOT replace execution tools.

Day trader should still use:

  • Order flow / DOM
  • VWAP
  • Opening range breakout
  • Support/resistance
  • Volume imbalances

The table answers: “Should I be looking long or short today?”

Your execution answers: “Where exactly do I enter?”

6. Filter Markets (Massive Edge)

A lot of traders overtrade.

Use the table to:

  • Pick 2–4 markets max
  • Focus only on those with:
  • Alignment
  • Strong daily moves
  • Clean structure

Example shortlist from your image:

  • ENQ (Nasdaq)
  • SIE (Silver)
  • ZSE (Soybeans)

7. Momentum Confirmation (Today’s Change Column)

  • Strong green + uptrend → continuation likely
  • Weak / mixed → avoid or reduce size

Example:

  • Cocoa (CCE): -4.64% → High volatility → great for fast trades but risky

July KC Wheat

July KC Wheat resumed its rally into a new high where the chart completed its low percentage fourth upside PriceCount objective to the 7.50 area. This suggests we may have come far enough to satisfy this phase of the bull run.

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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 14th

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Daily Levels for May 14th

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Economic Reports

provided by: ForexFactory.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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