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E-mini Russell 2000 Index Futures Spread Trading article 10.18.2017

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

_____________________________________________________________

Dear Traders,

Interesting read and topic by the CME group:

E-mini Russell 2000 Index Futures Spread Trading

Deflation Basics Series: The Quantity Theory of Money

By Elliott Wave International

Here’s our challenge.

In order to be aware of the investment pitfalls and opportunities that deflation can bring, we must first understand the basic elements of why it occurs. So our challenge is to try and make monetary economics, a subject that most people would find duller than watching paint dry on a wall, understandable and, dare I say it, fun! It’s a big ask but we like a test, and so here is the first in our Deflation Basics Series — The Quantity Theory of Money.

To read the rest of the article please click on the link below:

http://www2.elliottwave.com/affiliates_pr/archives/2017/10/17/Deflation-Basics-Series-The-Quantity-Theory-of-Money-aa.aspx

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.

Futures Trading Levels

10-18-2017

Contract December 2017  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2564.75 6151.67 23047 1519.83 6019.80
Resistance 2 2561.25 6138.58 23003 1514.17 5903.31
Resistance 1 2559.25 6131.17 22975 1506.93 5759.87
Pivot 2555.75 6118.08 22931 1501.27 5643.38
Support 1 2553.75 6110.67 22903 1494.03 5499.94
Support 2 2550.25 6097.58 22859 1488.37 5383.45
Support 3 2548.25 6090.17 22831 1481.13 5240.01
Contract December Gold Dec. Silver Nov. Crude Oil Dec.  Bonds Dec.  Euro
Resistance 3 1311.7 17.53 53.49 155  2/32 1.1898
Resistance 2 1305.0 17.41 52.87 154 19/32 1.1867
Resistance 1 1296.5 17.24 52.45 154  9/32 1.1836
Pivot 1289.8 17.11 51.83 153 26/32 1.1805
Support 1 1281.3 16.94 51.41 153 16/32 1.1774
Support 2 1274.6 16.82 50.79 153  1/32 1.1743
Support 3 1266.1 16.65 50.37 152 23/32 1.1712
Contract Dec.  Corn Dec. Wheat November Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 354.9 446.4 992.75 326.13 3.10
Resistance 2 353.3 443.6 990.25 325.07 3.06
Resistance 1 351.7 439.2 987.50 323.33 2.99
Pivot 350.1 436.3 985.00 322.27 2.96
Support 1 348.4 431.9 982.3 320.5 2.9
Support 2 346.8 429.1 979.75 319.47 2.86
Support 3 345.2 424.7 977.00 317.73 2.79

Economic Reports, source: 

http://app.bettertrader.co

Economic Reports - Wednesday, October 18th

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 judgement in trading.

Tags: > > > Posted in: Future Trading News  

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