Cannon’s Market Scanner
In the overview below, you’ll find our analysis of which markets present the best opportunities for long and short positions.
Our latest offering is the culmination of extensive research and rigorous backtesting of mathematical models designed to forecast the optimal direction for market engagement on any given day. The result is a comprehensive table that highlights the markets our algorithm deems most favorable for long positions, as well as those suitable for short positions. But what does this mean in practice? There are numerous strategies one might employ, yet the core principle remains: recognizing a market’s inherent bias can significantly aid a trader’s decision-making process. For instance, if there’s an identifiable long bias in a market nearing a support level, instead of considering a short position, it would be prudent to contemplate a purchase, aligning with the market’s long inclination. This is merely one instance of how such insights can be leveraged. We suggest monitoring the data closely for several days, or even weeks, taking detailed notes throughout. By dedicating yourself to this analysis, we’re confident you’ll discover the immense value of this information.
If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.
Questions? We are happy to help!
Daily Levels for May 28th, 2024
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* 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.