mini SP 500

mini SP 500


Life after mini SP 500…..Other markets for daytrading 3.21.2017

March 20th, 2017 Filed under Future Trading News | Comment (0)

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With stock index futures trading at historical LOW volatility, I thought this would be a good time to share something I wrote last year about “other markets to day trade other than the mini SP…..” 

Each market has a different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES (mini SP)  is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode. 

I think that there are more than a few markets that are suitable for day-trading. Below you will find some observations, tips along with what are unique about these markets, personality and most active trading hours. 

Interest rates Futures:

In most platforms, the symbols are ZB for 30 year bonds and ZN for 10 year notes. 

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Mini S&P Heikin-Ashi 3.03.2016

March 2nd, 2016 Filed under Future Trading News, Futures Trading | 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 Thursday March 3, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

Daily chart of the mini SP 500 for your review. Heikin-Ashi chart type.

We are trading against first major resistance since this bounce started:

Mini S&P Heikin-Ashi March 3rd, 2016

Mini S&P Heikin-Ashi March 3rd, 2016

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Mini S&P Sell Off & Economic Reports 3.26.2015

March 25th, 2015 Filed under Commodity Trading, Future Trading News, Indices | 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 Thursday March 26, 2015

Hello Traders,

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

First sell off in a good few weeks…. Prompted me to share with you a daily chart of mini SP 500, note we closed right on support level.

I am using Heikin-Ashi chart type, which is defined below the chart I am sharing.

EP - E Mini S&P 500, Equalized Active Daily Continuation : Hekin - Ashi

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

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Futures Levels and Economic Reports 7.24.2014

July 23rd, 2014 Filed under Crude Oil, Future Trading News, Futures Trading, 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 Thursday July 24, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Getting Clues from other markets?

When day trading a specific market do you only look at the chart for that specific market? Maybe you took it a step further and you are viewing multiple time frame charts for the same market which is a good step in my eyes.

Now lets take this even one step further by observing what markets have correlation, direct or inverse to the market you are trading, perhaps this can help you make decisions when trading.

I will give a few examples from my experience:

When I am in a position in the mini SP 500, I will often observe what the bonds are doing ( many times inverse correlation), I will take notice of what the Dow, Russell and NASDAQ are doing as well ( direct correlation).

If I am trading crude oil, I will many times pay attention to what unleaded gas and heating oil are doing (very close, although not direct correlation) as well as what WTI crude is doing.

One more example may be when I have a position trade in beans and I will try to get a feel for the overall direction of the grain markets (is there a trend? are they sideways?) by looking at corn, wheat in general and then look to see what bean oil and soy meal which are by products of beans are doing.

One question that can be asked is “what do you mean observe this or that market”? and a good example will be:

Lets say I am short the mini SP 500 and I am not sure if to take profit or not. I look at the mini Russell and see that mini Russell just made new lows, that will give me more confidence to stay in my short position as I feel there might be more room to the downside.

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Futures Levels & Economic Reports 7.09.2014

July 8th, 2014 Filed under Commodity Brokers, Index Futures | 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 Wednesday July 9, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

I am not sure if it is the overbought conditions stock index futures are in, perhaps fear of the start of earning season or maybe it is the tense situation over in Israel/ Middle East – but the result today was one of the more meaningful down days of the last few months along with above avg. volume.


Not sure it is anything more than normal market action after indices made all time highs last week….I am a little more skeptic now days when it comes to the short side of the indices. That been said, if September SP500 can break below 1952 ( just a bit below today’s lows) I think we have higher chances of a continuation lower.

In between, know what time frame you are trading, know your rules, your objectives, accept the fact that you will have good and bad trading days and measure your progress after you define what it is.

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