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Mini Russell 2000 Insight, Economic Reports & Levels 9.25.2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Powerful bounce this morning, which started as Obama was speaking in front of the UN. Don’t think it was related but such was the timing…..

Daily chart of the mini Russell 2000 for your review below. I am sure many of you have noticed the divergence between the different stock indices. The SP500 is still flirting with all time highs, while the Russell 2000 is off quite a bit from the highs made on July 1st 2014.

My best guess for the Russell is a bounce towards the 1141.50 level, followed by a retest of the 1098 level but I must admit this is a pure guess on my side as  am trying to predict a few moves ahead….

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. Past performance is not indicative to future results.

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

Futures Trading Levels

Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2022.17 4167.67 17423 1144.53 85.86
Resistance 2 2007.33 4128.83 17286 1134.47 85.54
Resistance 1 1999.17 4108.67 17210 1129.03 85.35
Pivot 1984.33 4069.83 17073 1118.97 85.03
Support 1 1976.17 4049.67 16997 1113.53 84.83
Support 2 1961.33 4010.83 16860 1103.47 84.51
Support 3 1953.17 3990.67 16784 1098.03 84.32
Contract December Gold Dec.Silver Nov. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1234.6 18.22 96.00 138 3/32 1.2937
Resistance 2 1230.6 18.05 94.65 137 26/32 1.2904
Resistance 1 1224.1 17.86 93.83 137 12/32 1.2847
Pivot 1220.1 17.69 92.48 137 3/32 1.2814
Support 1 1213.6 17.50 91.66 136 21/32 1.2757
Support 2 1209.6 17.33 90.31 136 12/32 1.2724
Support 3 1203.1 17.14 89.49 135 30/32 1.2667
Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 334.6 484.8 943.83 312.00 33.25
Resistance 2 332.2 483.9 941.92 310.80 33.07
Resistance 1 330.8 482.1 939.33 309.40 32.90
Pivot 328.4 481.2 937.42 308.20 32.72
Support 1 327.1 479.3 934.8 306.8 32.5
Support 2 324.7 478.4 932.92 305.60 32.37
Support 3 323.3 476.6 930.33 304.20 32.20
Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:05pm Currency Impact Detail Actual Forecast Previous Graph
ThuSep 25  4:00am EUR M3 Money Supply y/y 1.9% 1.8%
EUR Private Loans y/y -1.5% -1.6%
EUR Italian Retail Sales m/m 0.2% 0.0%
8:30am USD Core Durable Goods Orders m/m 0.7% -0.7%
USD Durable Goods Orders m/m -17.7% 22.6%
USD Unemployment Claims 294K 280K
9:45am USD Flash Services PMI 59.4 59.5
10:30am USD Natural Gas Storage 98B 90B

 
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  

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