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Mini NASDAQ Chart 7.25.2017

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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…..

Mini NASDAQ Chart

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.

Tags: > Posted in: Future Trading News  

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