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Futures Trading Levels, Diamond Algorithm by Ilan Levy-Mayer

Cannon Trading /

I mentioned yesterday that 1266 can act as pivot level. Turns out it did, market was oversold and we got a buy signal after the close yesterday which hit the first target very quickly ( today….). Next target on the way up is 1300. Support below will be 1266 , , 1259.50 followed by 1235.

Daily chart of the mini SP500 along with potential levels below and above for you review below.

If you like to have a FREE TRIAL to my DIAMOND ALGORITHM using sierra charts, please send me an email with name, tel number and markets you trade.

This ALGO tries to identify turning points in the market and can be applied to variety of markets and time frames.


Daily Mini S&P 500 trading chart screenshot from today June 14th, 2011

Stock futures trading chart levels for Tuesday June 14th, 2011


Commodity Futures trading levels for June 15th, 2011

Economic Reports Wednesday June 15th, 2011

Core CPI m/m
8:30am USD

CPI m/m
8:30am USD

Empire State Manufacturing Index
8:30am USD

TIC Long-Term Purchases
9:00am USD

Capacity Utilization Rate
9:15am USD

Industrial Production m/m
9:15am USD

NAHB Housing Market Index
10:00am USD

Crude Oil Inventories
10:30am USD

Economics Report Source:

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!

Tags: > > Posted in: Future Trading News   | Futures Trading  

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