SP Chart

SP Chart


SP chart +Support and resistance levels for 7.19.2016

July 18th, 2016 Filed under Future Trading News | 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 July 19, 2016

Hello Traders,

It is Earnings season. If you are a stock index trader, make sure you know which important earnings are coming out and when.

Visit this page, scroll down to bottom to see today’s earnings:

http://www.reuters.com/finance/EarningsUS

On a different note, it feels like somewhat of “Summer Trading” – Low energy and lower “speed” in the markets. I would have expected to see much more volatility after the news from Turkey but the market for now has not paid much attention. Volume was relatively low today and the range of moves was relatively tight.

Looking at the mini SP 500 chart along with volume as markets make new highs leads me to believe it is somewhat artificial….but then again it is not wise to argue with price action  and I would rather get a signal correction is starting than trying to predict the correction.

 Mini SP 500 Chart

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