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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

In this post:

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

1. Market Commentary

We closed the first gap on the pit session/ BIG SP as you can see below.

If market has more volume on the buy side, the next target is 1185, on the other hand if volume dries out up in these levels, I will be watching price action around 1149 and 1129 before deciding which way offers better risk/ reward.

At this point, I am neutral and will wait for market to give me some clues before deciding which way to attack.

Daily SP 500 chart for your review below:

GOOD TRADING!

2. SUPPORT AND RESISTANCE LEVELS!

Contract (Sept. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1204.00 2322.33 11539 694.93
Resistance 2 1181.25 2277.42 11259 678.67
Resistance 1 1169.50 2252.08 11110 670.03
Pivot 1146.75 2207.17 10830 653.77
Support 1 1135.00 2181.83 10681 645.13
Support 2 1112.25 2136.92 10401 628.87
Support 3 1100.50 2111.58 10252 620.23

 

Contract Dec. Gold Dec. Euro Nov. Crude Oil Dec. Bonds
Resistance 3 1691.9 1.3769 86.97 145 18/32
Resistance 2 1663.5 1.3657 84.16 144 31/32
Resistance 1 1643.3 1.3581 82.72 144
Pivot 1614.9 1.3469 79.91 143 13/32
Support 1 1594.7 1.3393 78.47 142 14/32
Support 2 1566.3 1.3281 75.66 141 27/32
Support 3 1546.1 1.3205 74.22 140 28/32

3. Daily S&P 500 Pit Chart from September 26, 2011

Daily S&P 500 Pit Chart from September 26, 2011

4. Economic Reports for Tuesday September 27, 2011

S&P/CS Composite-20 HPI y/y
9:00am

CB Consumer Confidence
10:00am

Richmond Manufacturing Index
10:00am

FOMC Member Fisher Speaks
1:20pm

Economics Report Source: http://www.forexfactory.com/calendar.php

5. Earnings Releases

SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET)
CALM Cal-Maine Foods Inc Q1 2012 Cal Maine Foods Inc Earnings Release $ 0.20 n/a $ 0.09 26-Sep BMO
AMER.L Amerisur Resources PLC Interim 2011 Amerisur Resources PLC Earnings Release (for the 6 months ended 30 June 2011) n/a n/a n/a 26-Sep
9977.OS Aoki Super Co Ltd Q2 2012 Aoki Super Co Ltd Earnings Release n/a n/a n/a 26-Sep AMC
ARU.AX Arafura Resources Ltd Preliminary 2011 Arafura Resources Ltd Earnings Release n/a n/a n/a 26-Sep AMC
ARYN.S Aryzta AG Full Year 2010/2011 Aryzta AG Earnings Release n/a n/a n/a 26-Sep 1:00 AM
ASTR.L Astaire Group PLC Interim 2011 Astaire Group PLC Earnings Release n/a n/a n/a 26-Sep
Tags: > Posted in: Futures Trading  

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