E Mini S&P 500


Weekly Newsletter #1046 Commitment of Traders Report PDF., ES Market Review & Trading Levels 4.10.2021

April 9th, 2021 Filed under Indices, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1046

Dear Traders,

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Trading 102: Commitment of Traders Report – What Lies beneath
Commitment of Traders Report – COT
Commitment of Traders Report offers wealth of data when it comes to commodity and futures trading. You can somewhat say, this is a window into what the “big boys are doing” which is published weekly.
In this 24 page PDF booklet, Gary Kamen of Trends in Futures reviews the commitment of traders report, what it means, how traders can utilize it and much more.
Sign up and instantly download the booklet and learn about:
* History of the COT report
* Why is this report important?
* The new COT report
* How can you use the information in this report?
* And much more….
ES WEEKLY chart for your review. Click for larger image. New all time highs fueled by FED QE.
Next targets? Levels of support? will this past week slow price action continue or will the “speedy price action ” of weeks before return?
M S&P’s ( June mini SP 500)
4,101 OBJECTIVE has been met.
Market could have a retracement back
to 4075.00.
Next test area is 4145.00
No two Bull or Bear markets are alike. This pandemic is similar to 1918 (post WW1), which originated in China, unfortunately killing 50 million globally. The pent up demand led to the Roaring 20’s, which is the cycle we’re presently in. With the FED all in with unprecedented stimulus, we could see a 8-9% GDP number!
Q.E. is $120 billion a month, coupled
with the 3 stimulus packages and the new $2.2 trillion infrastructure in the pipeline. Also, the FED is allowing inflation to run hot, above their 2% target, using a weak US$, as its main catalyst. Lastly, the SHORT END may remain untouched for 2 years.
Eventually, the FED will lose control of the LONG END of the curve!
Future CAVEAT, is that we all know how the Roaring 20’s ended on Oct. 29, 1929.
Mini S&P ES Weekly Chart
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 when it comes to Futures Trading.

 

Futures Trading Levels

4-12-2021

 

Weekly Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates

MRCI Reports

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 herein 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


Big Volatility in Stock Index Futures Last Two Days – Levels for 09.13.16

September 12th, 2016 Filed under Future Trading News, Futures Trading, Index Futures | Comment (0)

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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 Friday September 9, 2016

Greetings!

Front month for stock indices is December!!

I looked for some news that may explain the large sell off Friday and almost the same level of bounce today….I saw a few things but must admit none made sense to me, so my clients who are “conspiracy theory believers” may have won this one…..

I saw something about Fed officials speaking today “infused confidence back”, saw another thing that Friday was due to North Korea nuclear tests…yet another explanation spoke about rollover. Another news flash spoke about possibly removing some of the stocks from the financial segment of the SP500, specifically “good performing real estate stocks from the financial/ banking sector…..not to mention the “9/11” effect….and more and more etc. etc…..

My guess is the FED once again too concerned with keeping stock market prices higher than the paying attention to the rest of the economy…..I feel that QE in general and other FED action created artificially higher stock market prices which will one day explode in a violent way. But that is a topic for a whole new discussion.

Bottom line is I have no explanation but here is what the hourly and daily charts look like:

DAILY

S&P 500 Futures Daily Chart
Hourly
S&P 500 Futures Hourly Chart

Read the rest of this entry »


Heikin-Ashi Mini S&P Chart & Economic Reports 10.09.2015

October 8th, 2015 Filed under Future Trading News, Indices | Comment (0)

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Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Friday October 9, 2015

Hello Traders,

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

Earnings season is under way. Make sure you are aware of major earning announcements.
Another good source for earnings reports by MorningStar. I would have not guessed that we would retrace all the way back after the major sell off/ flash crash we had back in Aug 21st.
EP - E-Mini S&P 500, Equalired Active Daily Continuation : Heikin-Ashi

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

Daily chart of the mini SP 500 for your review below:

Read the rest of this entry »


Heikin-Ashi Mini S&P Chart & Economic Reports 10.06.2015

October 5th, 2015 Filed under Future Trading News, Indices | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Tuesday October 6, 2015

Hello Traders,

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

The move we saw from Friday morning right after job numbers to today was a very powerful, vertical up move.
The question, big question is:

Is this a vicious bear market rally, possibly an opportunity to sell?

Did market participants decided that rates will be at zero for foreseeable future ( ZIRP) and market just finished a healthy 10% correction and heading back to an all time high?
Big questions….I am not sure which way to lean but here my daily chart of the mini SP 500 with some levels to watch. We are right against key resistance, possible right shoulder in the head and shoulder formation.

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

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

Did you know Cannon offers FOREX trading including the MT4 platformCheck out our Trading Systems/ALGO Trading and Managed Accounts section!

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gainsIf you need help creating a trading plan, visit our broker assist services.

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 Dec. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2033.33 4422.42 17154 1175.43 97.23
Resistance 2 2006.67 4376.08 16924 1156.87 96.76
Resistance 1 1990.58 4343.17 16788 1146.13 96.49
Pivot 1963.92 4296.83 16558 1127.57 96.02
Support 1 1947.83 4263.92 16422 1116.83 95.74
Support 2 1921.17 4217.58 16192 1098.27 95.27
Support 3 1905.08 4184.67 16056 1087.53 95.00
Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1153.3 16.50 48.85 160 21/32 1.1386
Resistance 2 1147.4 16.12 47.89 159 29/32 1.1343
Resistance 1 1141.3 15.87 47.12 158 20/32 1.1270
Pivot 1135.4 15.49 46.16 157 28/32 1.1227
Support 1 1129.3 15.24 45.39 156 19/32 1.1154
Support 2 1123.4 14.86 44.43 155 27/32 1.1111
Support 3 1117.3 14.61 43.66 154 18/32 1.1038
Contract Dec. Corn Dec. Wheat Nov Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 399.8 528.7 896.83 309.37 2.56
Resistance 2 396.7 523.3 891.42 307.13 2.52
Resistance 1 395.1 519.4 887.83 305.47 2.50
Pivot 391.9 514.1 882.42 303.23 2.45
Support 1 390.3 510.2 878.8 301.6 2.4
Support 2 387.2 504.8 873.42 299.33 2.38
Support 3 385.6 500.9 869.83 297.67 2.36
Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:07pm Currency Impact Detail Actual Forecast Previous Graph
TueOct 6  2:00am EUR German Factory Orders m/m 0.5% -1.4%
4:10am EUR Retail PMI 51.4
All Day EUR ECOFIN Meetings
Day 2 EUR Eurogroup Meetings
8:30am USD Trade Balance -47.6B -41.9B
10:00am USD IBD/TIPP Economic Optimism 44.6 42.0
1:00pm EUR ECB President Draghi Speaks
5:30pm USD FOMC Member Williams 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 judgment in trading.

 


Heikin-Ashi Mini S&P Chart & Economic Reports 9.25.2015

September 24th, 2015 Filed under Future Trading News, Indices | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Friday September 25, 2015

 

Hello Traders,

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

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

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

Been out due to rotator cuff surgery and back with limited typing ability….

Market is acting like a bear market. Lower lows, lower highs BUT still need to take out 1891 support level as seen below in the daily Heikin-Ashi chart of Dec. mini SP 500

Read the rest of this entry »

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