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Mini Russell 2000 Chart & Economic Reports 5.06.2015

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday May 6, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders, 

Markets are having difficulties with all time highs and are bouncing off so far…

It is actually a normal market reaction to initially test the all time highs and back off, for many markets. Sooner or later though, the supply / demand in that specific market will cause for the market to either break higher and start building a higher range OR fail and go lower to test previous support levels.

Daily chart of the mini russell 2000 for your review below. Notice the volume spikes on the sell offs/ corrections. Looks like we may have a bit more to correct to the downside but I am taking this market one day at a time:

TFE - Russell 2000 Index Mini, Equalized Active Daily Continuation

TFE – Russell 2000 Index Mini, Equalized Active Daily Continuation

 

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!


Futures Trading Levels

Contract June 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2134.75 4542.08 18190 1251.93 97.01
Resistance 2 2123.25 4511.17 18106 1241.57 96.55
Resistance 1 2104.50 4461.33 17992 1228.23 95.91
Pivot 2093.00 4430.42 17908 1217.87 95.45
Support 1 2074.25 4380.58 17794 1204.53 94.81
Support 2 2062.75 4349.67 17710 1194.17 94.35
Support 3 2044.00 4299.83 17596 1180.83 93.71
Contract June Gold July Silver June Crude Oil June Bonds June   Euro
Resistance 3 1213.8 17.08 64.18 159 1/32 1.1412
Resistance 2 1206.6 16.89 62.64 158 5/32 1.1320
Resistance 1 1199.4 16.72 61.71 157 3/32 1.1255
Pivot 1192.2 16.53 60.17 156 7/32 1.1163
Support 1 1185.0 16.36 59.24 155 5/32 1.1098
Support 2 1177.8 16.17 57.70 154 9/32 1.1006
Support 3 1170.6 16.00 56.77 153 7/32 1.0941
Contract July Corn July Wheat July Beans July SoyMeal June Nat Gas
Resistance 3 372.2 466.5 1000.50 322.63 2.87
Resistance 2 367.6 466.5 993.25 319.27 2.85
Resistance 1 365.2 466.5 989.00 317.23 2.82
Pivot 360.6 466.5 981.75 313.87 2.79
Support 1 358.2 466.5 977.5 311.8 2.8
Support 2 353.6 466.5 970.25 308.47 2.74
Support 3 351.2 466.5 966.00 306.43 2.71
5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:37pm Currency Impact Detail Actual Forecast Previous Graph
WedMay 6  3:15am EUR Spanish Services PMI 57.4 57.3
3:45am EUR Italian Services PMI 52.1 51.6
3:50am EUR French Final Services PMI 50.8 50.8
3:55am EUR German Final Services PMI 54.4 54.4
4:00am EUR Final Services PMI 53.7 53.7
5:00am EUR Retail Sales m/m -0.4% -0.2%
8:15am USD ADP Non-Farm Employment Change 192K 189K
8:30am USD Prelim Unit Labor Costs q/q 4.5% 4.1%
USD Prelim Nonfarm Productivity q/q -1.8% -2.2%
9:15am USD Fed Chair Yellen Speaks
10:30am USD Crude Oil Inventories 1.3M 1.9M
1:30pm USD FOMC Member Lockhart Speaks

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 judgment in trading.

 

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

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