EXTREME Volatility, be careful + Trading Levels for 10.16.2018

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Dear Traders,

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Equity markets ( emini indices for most of us) are VERY volatile. For some traders, it is not an easy task to say the least….
I have an automated system I run on the mini NASDAQ and in one week it had both its best day ever and its worst day ever…..so be careful, trading is hard as is but can be even harder for most traders when volatility is at extremes.
Control your emotions and don’t let yourself lose control because in market conditions like this, losing control can mean losing your account……

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

10-16-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2805.25 7268.17 25786 1595.47 7371.53
Resistance 2 2792.00 7223.58 25628 1580.23 7065.03
Resistance 1 2771.75 7149.92 25426 1566.17 6724.56
Pivot 2758.50 7105.33 25268 1550.93 6418.06
Support 1 2738.25 7031.67 25066 1536.87 6077.59
Support 2 2725.00 6987.08 24908 1521.63 5771.09
Support 3 2704.75 6913.42 24706 1507.57 5430.62
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1254.2 15.00 74.46 139  3/32 1.1730
Resistance 2 1245.5 14.90 73.58 138 29/32 1.1697
Resistance 1 1237.7 14.81 72.61 138 21/32 1.1667
Pivot 1229.0 14.71 71.73 138 15/32 1.1634
Support 1 1221.2 14.62 70.76 138  7/32 1.1604
Support 2 1212.5 14.52 69.88 138  1/32 1.1571
Support 3 1204.7 14.43 68.91 137 25/32 1.1541
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 386.0 536.8 926.33 344.03 3.39
Resistance 2 382.3 531.2 909.17 335.67 3.33
Resistance 1 380.3 528.1 900.33 331.33 3.29
Pivot 376.5 522.4 883.17 322.97 3.23
Support 1 374.5 519.3 874.3 318.6 3.2
Support 2 370.8 513.7 857.17 310.27 3.14
Support 3 368.8 510.6 848.33 305.93 3.10

Economic Reports, source: 

www.forexfactory.com

 

Date 4:13pm Currency Impact Detail Actual Forecast Previous Graph
TueOct 16 2:00am EUR
German Import Prices m/m
0.1% -0.2%
4:30am GBP
Average Earnings Index 3m/y
2.6% 2.6%
GBP
Unemployment Rate
4.0% 4.0%
GBP
Claimant Count Change
4.5K 8.7K
5:00am EUR
Trade Balance
15.0B 12.8B
EUR
ZEW Economic Sentiment
-9.2 -7.2
EUR
German ZEW Economic Sentiment
-12.3 -10.6
6:00am EUR
Italian Trade Balance
4.34B 5.68B
9:15am GBP
MPC Member Cunliffe Speaks
USD
Capacity Utilization Rate
78.2% 78.1%
USD
Industrial Production m/m
0.2% 0.4%
10:00am USD
JOLTS Job Openings
6.90M 6.94M
USD
NAHB Housing Market Index
68 67
4:00pm USD
TIC Long-Term Purchases
74.8B
4:15pm USD
FOMC Member Daly Speaks

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.

Posted in: Future Trading News  

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