FOMC Reaction in the Futures Market & Support and Resistance Levels 11.04.2021

November 3rd, 2021 Filed under Future Trading News, futures trading education | Comment (0)

Dear Futures Trader,

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FOMC came out and stocks reacted with another leg up – what’s next?

FEDERAL RESERVE BEGAN

TAPPERING ITS $120 BILLION A MONTH PROGRAM.

$10 BILLION A MONTH OF

TREASURIES

$5 BILLION A MONTH OF

MORTGAGE BACKED SECURITIES

WAS:

$80 BILLION OF TREASURIES

$40 BILLION OF MORTGAGE BACKED

$1.44 TRILLION FOR THE YEAR

Gold sold off before hand and only bounced slightly.

Bonds sold off slightly.

Crude sold off the most but in my opinion it was API/ OPEC related and not FOMC related.

Many times, the real reaction to FOMC comes out the next day so price action, asset allocation across the different markets is important to watch.

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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

11-04-2021

Futures Support & Resistance Levels 11.04.2021

Economic Reports, source:

https://bettertrader.co/

BetterTrader Economic Reports 11.03.2021

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.

FOMC Day Aftermath: Volatility in the Markets | Support and Resistance Levels

September 21st, 2011 Filed under Futures Trading | Comments Off on FOMC Day Aftermath: Volatility in the Markets | Support and Resistance Levels

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
5. Earnings Releases

1. Market Commentary

Note to our clients who are trading with TransactAT:

The latest version is now TransactAT 5.2.2 (download). The newer version can be installed over the older version. Please contact you broker if you need any help.

FOMC came like a hurricane as the market sold off sharply after the announcement with some heavy volume.

Last couple of days I shared my mini Russell 2000 chart along with the potential sell at 693 and target at 673. This trade idea is completed.

Below you will see my mini SP chart with potential levels both below and above as my guess is we will see volatility going both directions.

ALWAYS EXPECT THE UNEXPECTED! When volatility skyrockets like now, moves become extreme, the speed of the market really picks up and this is when one must adjust their trading size lower to accommodate for the wilder and wider moves. Read the rest of this entry »

FOMC Day Aftermath

FOMC Reaction in the Futures Market & Support and Resistance Levels 11.04.2021

FOMC came out and stocks reacted with another leg up – what’s next?

Good Trading

Futures Trading Levels

Economic Reports, source:

FOMC Day Aftermath: Volatility in the Markets | Support and Resistance Levels

1. Market Commentary

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