S&P 500 Support and Resistance Levels

S&P 500 Support and Resistance Levels


Mini Russell 2000 Chat & Futures Trading Levels 4.14.2014

April 14th, 2014 Filed under Commodity Trading, 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 Tuesday April 15, 2014

Hello Traders,

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

Mini Russell daily chart for your review below.

TFE - Russell 200 Index Mini, Equalized Active Daily Continuation

TFE – Russell 200 Index Mini, Equalized Active Daily Continuation


Futures Trading Levels and Reports for August 30, 2012

August 29th, 2012 Filed under Commodity Trading, Future Trading News, Futures Trading, Index Futures | Comments Off on Futures Trading Levels and Reports for August 30, 2012

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday August 30, 2012

 

Hello Traders,

One Way to Eliminate Fear and Greed While Day Trading

Disclaimer

The methods described in this article are for educational purposes only. Past results are not necessarily indicative of future results. The author and the publisher assume no responsibility for your trading results. Trading involves a high degree of risk. No recommendation is being made to buy any stock, commodity, option or other financial instrument. Consult your financial advisor before starting any investment system.

 

It is a known fact that fear and greed can be a trader’s worst enemies.

I’ve found one way that has helped some clients deal with fear and greed and their cousin, “getting out of winners too soon and staying in losers too long.”

What is it? Entering Multiple Contracts: Philosophy

In order to enter multiple contracts while day trading, one has to have the appropriate risk capital and margin requirements. But the advantage of trading more than one “unit” or splitting your trading size into two or more parts is as such:

If you enter a trade with one contract (or if you are treating your trading size as one unit, meaning you enter a trade with 4 contracts and exit the trade with 4 contracts), you can face a very quick dilemma, especially when day-trading. Consider the two following scenarios:

  1. You get in and very quickly you are up 2 mini SP points…what do you do? Do you take profit? Bring your stop loss closer? How do you avoid getting out too early or too late?
  2. You enter a trade and it goes against you rather quickly…if you get out then it is a loser…but the little voice in your head says “what if the market goes back up?”

In the first case scenario, when market decided to be nice to us and moved in our direction, I like to exit half of my positions relatively quickly. In the case of the mini SP, this would be around 7 ticks profit.

What I’ve found is that this will allow me to manage the rest of the trade in a much more relaxed manner. Since I’ve already locked profits in, now I can look for a proper stop close to my break-even level. I can analyze my next target more realistically and, if the market provides room for additional gains, be there to participate.

Read the rest of this entry »


Futures Trading Levels and Economic Reports for December 7th 2010

December 7th, 2010 Filed under Future Trading News, Futures Broker, Futures Exchange | Comments Off on Futures Trading Levels and Economic Reports for December 7th 2010

Today was a “slow trading day” when it came to stock indices, which leads me to a good point I would like to make. Most of our day traders, trade the e-mini stock index futures, mostly the mini SP because of its heavy daily volume and exposure.

However, I think that day-traders should be able to follow at least another market, maybe even two additional markets and look for different set up in these markets as well.

Good example from today is the Euro currency. While the mini SP was pretty dead….the Euro had nice range, good volatility and good volume which presents both risks and opportunities for day-traders.

Obviously, before you start trading a new market you should educate yourself on tick size, trading hours, “personality”, when is there more volume in that specific contract etc.

If you do so, I think you will achieve a couple of things, first is diversification. While some days trades in certain market may not work, trades in a different market may provide balance.

Also, if on certain days, certain markets are “sleepy” ( which most day-traders do NOT like), another market may have more action….

As always, do your homework, practice in simulation mode first and make sure you understand the “new contract” you may be trading along with the risks involved.

Below is a screen shot of the Euro Currency from todays webinar session :
( free trial at – https://www.cannontrading.com/tools/intraday-futures-trading-signals )

SP-500-Day-Trading-2010-12-07 Read the rest of this entry »


Daily Support & Resistance and Economic Data to be Released, October 12th 2010

October 12th, 2010 Filed under Future Trading News, Futures Trading | Comment (0)

 

Daily Support & Résistance Levels Mini-S&P 500 Futures
Dec. 10
Mini-Nasdaq 100 Futures
Dec. 10
Mini-Dow Futures
Dec. 10
Mini Russell 2000 Futures
Dec.10
30-year US Bond Futures
Dec. 10
10-Year US Note
Futures Dec. 10
Support 3 1146.00 1989.00 10770 675.90 13209 12607
Support 2 1150.50 2006.00 10851 680.00 13300 12625
Support 1 1155.50 2016.50 10897 684.00 13326 12703
Resistance 1 1165.00 2035.00 10984 696.90 13519 12722
Resistance 2 1171.25 2051.00 11010 701.60 13612 12727.5
Resistance 3 1174.75 2063.00 11115 707.40 12627 12810.5
Daily Support & Resistance Levels
Gold Futures
Dec.2010
Silver Futures
Dec. 2010
Copper Futures
Dec. 2010
Crude Oil Futures
Nov. 2010
Euro Curr.
Dec. 2010
Dollar Index
Dec. 2010
Support 3 1308.5 22.35 3.720 80.30 1.3667 .7705
Support 2 1326.0 22.86 3.750 80.88 1.3740 .7748
Support 1 1341.0 22.96 3.780 81.55 1.3767 .7773
Resistance 1 1356.0 23.31 3.800 82.48 1.3831 .7799
Resistance 2 1366.0 23.40 3.822 83.50 1.3864 .7817
Resistance 3 1375.0 23.67 3.867 84.43 1.3924 .7878

Updated: 12-Oct-10 7:59 ET

This Week’s Calendar

Click on a “Release” for Insight

Date ET Release For Actual Briefing.com Consensus Prior Revised From
Oct 12 14:00 Minutes of FOMC Meeting 9/21
Oct 13 07:00 MBA Mortgage Applications 10/08 NA NA -0.2%
Oct 13 08:30 Export Prices ex-ag. Sep NA NA 0.5%
Oct 13 08:30 Import Prices ex-oil Sep NA NA 0.3%
Oct 13 10:30 Crude Inventories 10/09 NA NA 3.09M
Oct 13 14:00 Treasury Budget Sep -$32.0B -$33.5B -$46.6B
Oct 14 08:30 Initial Claims 10/09 450K 450K 445K
Oct 14 08:30 Continuing Claims 10/02 4450K 4450K 4462K
Oct 14 08:30 PPI Sep 0.1% 0.2% 0.4%
Oct 14 08:30 Core PPI Sep 0.1% 0.1% 0.1%
Oct 14 08:30 Trade Balance Aug -$40.0B -$44.5B -$42.8B
Oct 15 08:30 CPI Sep 0.1% 0.2% 0.3%
Oct 15 08:30 Core CPI Sep 0.1% 0.1% 0.1%
Oct 15 08:30 Retail Sales Sep 0.2% 0.4% 0.4%
Oct 15 08:30 Retail Sales ex-auto Sep 0.1% 0.4% 0.6%
Oct 15 08:30 NY Fed – Empire Manufacturing Survey Oct 3.0% 5.75 4.10
Oct 15 09:55 Mich Sentiment Oct 67.0 68.5 68.2
Oct 15 10:00 Business Inventories Aug 0.4% 0.5% 1.0%

12. OCT. 2010 – Today´s Highlighted Splits

SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTIVITY DATE/TIME (ET)
INTC Intel Corporation Q3 2010 Intel Corporation Earnings Release $ 0.50 n/a $ 0.33 12-Oct
CSX CSX Corporation Q3 2010 CSX Corporation Earnings Release $ 1.04 n/a $ 0.74 12-Oct AMC
FAST Fastenal Q3 2010 Fastenal Earnings Release & September 2010 Sales Release $ 0.50 n/a $ 0.32 12-Oct BMO
VOXX Audiovox Corporation Q2 2011 Audiovox Corporation Earnings Release $ 0.00 n/a $ 0.04 12-Oct AMC
DIET eDiets.com, Inc. Preliminary Q3 2010 eDiets.com, Inc. Earnings Release n/a n/a n/a 12-Oct BMO
AIP.L AIR PARTNER Preliminary 2010 AIR PARTNER Earnings Release n/a n/a n/a 12-Oct BMO

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Daily Support & Resistance and Economic Data to be Released, October 11th 2010

October 11th, 2010 Filed under Future Trading News | Comment (0)

 

Daily Support & Resistance Levels Mini-S&P 500 Futures
Dec. 10
Mini-Nasdaq 100 Futures
Dec. 10
Mini-Dow Futures
Dec. 10
Mini Russell 2000 Futures
Dec.10
30-year US Bond Futures
Dec. 10
10-Year US Note
Futures Dec. 10
Support 3 1146.25 2001.50 10877 675.20 13209 12615.5
Support 2 1150.75 2013.00 10919 682.80 13300 12624.5
Support 1 1155.75 2020.00 10942 687.00 13326 12702.5
Resistance 1 1165.00 2032.00 10987 695.00 13519 12721
Resistance 2 11.71.25 2051.00 11010 701.60 13612 12726.5
Resistance 3 1174.75 2063.00 11115 707.40 13627 12810.5
Daily Support & Resistance Levels
Gold Futures
Dec.2010
Silver Futures
Dec. 2010
Copper Futures
Dec. 2010
Crude Oil Futures
Nov. 2010
Euro Curr.
Dec. 2010
Dollar Index
Dec. 2010
Support 3 1325.0 22.35 3.720 80.30 1.3781 76.29
Support 2 1337.0 22.86 3.758 81.53 13827 77.05
Support 1 1344.0 23.18 3.780 82.28 1.3873 77.15
Resistance 1 1356.0 23.69 3.820 82.79 1.4023 77.62
Resistance 2 1366.0 23.85 3.835 83.52 1.4067 77.75
Resistance 3 1375.0 24.08 3.867 84.43 1.4138 77.98

Read the rest of this entry »

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