Which Market Should I (day) Trade? + Support & Resistance Levels 5.21.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F

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Dear Traders,
Which Market Should I be (day) Trading?
1. Know and follow more than one market. I think one should have familiarity and follow about 5 different markets ( or more depending account size and time) in general.
2. Understand what type of market conditions you trade better in? Volatile? “dead”, choppy or perhaps trending?
3. Have a view of these markets from longer term outlook and behavior.
4. Trade the markets that fit your strengths.
 
Example: If I am following gold, crude, bonds, mini nasdaq and mini SP for educational purposes….If I know that I trade better in markets that have larger intraday swings and volatility than lets say trending markets or “quiet markets” I would be focusing on the mini NASDAQ as my primary market now days as it is the one fitting my profile the best.
 
If “choppy” markets suits my trading style better, I would probably look at gold as of recently.
 
This will change as markets go through different cycles, from lower volatility to higher volatility. Trending to choppy etc. 
 
Etc. etc. etc. 

If you like to set up a time and chat with a licensed series 3 broker, please contact us.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Futures Trading Levels

05-18-2018

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2754.42 7027.67 25331 1653.97 9327.70
Resistance 2 2746.83 6992.33 25205 1647.63 8961.14
Resistance 1 2739.42 6952.17 25105 1643.67 8665.60
Pivot 2731.83 6916.83 24979 1637.33 8299.04
Support 1 2724.42 6876.67 24879 1633.37 8003.50
Support 2 2716.83 6841.33 24753 1627.03 7636.94
Support 3 2709.42 6801.17 24653 1623.07 7341.40
Contract June Gold #GC_F July Silver #SI-F July Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1306.9 16.87 74.23 142  4/32 1.1906
Resistance 2 1299.7 16.70 73.41 141 26/32 1.1859
Resistance 1 1295.7 16.61 72.97 141 20/32 1.1834
Pivot 1288.5 16.45 72.15 141 10/32 1.1787
Support 1 1284.5 16.36 71.71 141  4/32 1.1762
Support 2 1277.3 16.19 70.89 140 26/32 1.1715
Support 3 1273.3 16.10 70.45 140 20/32 1.1690
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F June Nat Gas #NG_F
Resistance 3 410.6 535.4 1046.50 390.77 2.89
Resistance 2 408.4 528.6 1036.75 387.03 2.87
Resistance 1 405.6 517.9 1031.00 383.07 2.85
Pivot 403.4 511.1 1021.25 379.33 2.83
Support 1 400.6 500.4 1015.5 375.4 2.8
Support 2 398.4 493.6 1005.75 371.63 2.78
Support 3 395.6 482.9 1000.00 367.67 2.76

Economic Reports, source: 

http://app.bettertrader.co 

 Economic Reports - Tuesday, May 22nd

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 here in 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 judgement in trading.

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

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