____________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
_____________________________________________________________
Earning season is in full affect. Most earnings report after close usually.
In between NASDAQ made a new high, again….and stock index futures are some what back to lower volatility, summer type of trading.
On the other hand Crude Oil, gold, grains and few other markets are experiencing good ranges and above average volatility.
My opinion is that if you are a day trader primarily, you need to follow minimum of 2 markets, I like following 3 markets.
Certain days, different markets will offer different opportunities as well as risks. Some days one of the markets might be “dead” while others are moving and according to your preferred style and market environment you like, you can focus on those markets.
In between a daily chart of the mini NASDAQ 100 for your review with potential upside targets in these uncharted waters…..
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
7-25-2017
| Contract September 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2477.83 | 6006.25 | 21618 | 1450.53 | 94.26 |
| Resistance 2 | 2474.17 | 5980.50 | 21574 | 1444.27 | 94.10 |
| Resistance 1 | 2470.83 | 5956.50 | 21533 | 1440.43 | 93.96 |
| Pivot | 2467.17 | 5930.75 | 21489 | 1434.17 | 93.81 |
| Support 1 | 2463.83 | 5906.75 | 21448 | 1430.33 | 93.67 |
| Support 2 | 2460.17 | 5881.00 | 21404 | 1424.07 | 93.51 |
| Support 3 | 2456.83 | 5857.00 | 21363 | 1420.23 | 93.37 |
| Contract | August Gold | Sept. Silver | Sept. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1265.9 | 16.73 | 47.87 | 155 10/32 | 1.1767 |
| Resistance 2 | 1262.5 | 16.65 | 47.17 | 155 3/32 | 1.1743 |
| Resistance 1 | 1258.9 | 16.56 | 46.79 | 154 20/32 | 1.1709 |
| Pivot | 1255.5 | 16.48 | 46.09 | 154 13/32 | 1.1685 |
| Support 1 | 1251.9 | 16.39 | 45.71 | 153 30/32 | 1.1651 |
| Support 2 | 1248.5 | 16.31 | 45.01 | 153 23/32 | 1.1627 |
| Support 3 | 1244.9 | 16.22 | 44.63 | 153 8/32 | 1.1593 |
| Contract | Dec. Corn | Sept. Wheat | November Beans | Dec. SoyMeal | Aug. Nat Gas |
| Resistance 3 | 399.6 | 503.1 | 1027.00 | 339.20 | 3.02 |
| Resistance 2 | 395.4 | 497.9 | 1019.00 | 336.30 | 2.99 |
| Resistance 1 | 393.1 | 493.3 | 1014.50 | 334.50 | 2.95 |
| Pivot | 388.9 | 488.2 | 1006.50 | 331.60 | 2.91 |
| Support 1 | 386.6 | 483.6 | 1002.0 | 329.8 | 2.9 |
| Support 2 | 382.4 | 478.4 | 994.00 | 326.90 | 2.84 |
| Support 3 | 380.1 | 473.8 | 989.50 | 325.10 | 2.80 |
Economic Reports, 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 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.