Mini NASDAQ & Support and Resistance Levels 8.24.2018 - Support & Resistance Levels

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.

Mini NASDAQ & Support and Resistance Levels 8.24.2018

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Dear Traders,

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A picture is worth a 1000 words….
Weekly chart of the mini NASDAQ for your review below.
This market ALMOST DOUBLED itself in 25 months…..
As you can see the ALGO I use has been signaling only longs during this time, starting with the BLUE SQUARE on June 2016 and continuing with the bars marked blue (= strong), bars marked blue along with green triangle ( =very strong) and an additional blue square ( = shift to long) this past May.
PS:
All the ALGOs and signals in the world still cant make up for wise trade management and other factors that only look so easy in hindsight,. yet are so hard when you make decisions in live situations…..

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

08-24-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2882.42 7526.67 25916 1739.63 6638.83
Resistance 2 2876.08 7500.83 25841 1732.97 6561.67
Resistance 1 2867.42 7462.92 25756 1726.03 6484.55
Pivot 2861.08 7437.08 25681 1719.37 6407.39
Support 1 2852.42 7399.17 25596 1712.43 6330.27
Support 2 2846.08 7373.33 25521 1705.77 6253.11
Support 3 2837.42 7335.42 25436 1698.83 6175.99
Contract December Gold #GC_F Sept. Silver #SI-F Oct. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1213.3 14.97 69.01 146  4/32 1.1674
Resistance 2 1208.3 14.86 68.57 145 30/32 1.1646
Resistance 1 1200.1 14.67 68.21 145 25/32 1.1603
Pivot 1195.1 14.56 67.77 145 19/32 1.1576
Support 1 1186.9 14.37 67.41 145 14/32 1.1533
Support 2 1181.9 14.26 66.97 145  8/32 1.1505
Support 3 1173.7 14.07 66.61 145  3/32 1.1462
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 370.1 560.1 880.58 330.23 3.04
Resistance 2 368.2 553.9 875.17 327.37 3.01
Resistance 1 364.6 547.8 864.58 321.93 2.99
Pivot 362.7 541.7 859.17 319.07 2.96
Support 1 359.1 535.6 848.6 313.6 2.9
Support 2 357.2 529.4 843.17 310.77 2.92
Support 3 353.6 523.3 832.58 305.33 2.90

Economic Reports, source: 

https://app.bettertrader.com

 

 

 

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.

Posted in: Future Trading News  

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