Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Wednesday, January 3, 2012
1. Market Commentary
I would like to wish all of you a Happy New year!
May 2012 be a great year for everyone in trading and all aspects of life!
Below you will see a screen shot of my mini SP 500 intraday, 15 min chart I like to use for day-trades.
In the chart you will see two conditions I programmed, my “diamond” and my “topaz”, which I like to use for counter trend/ correction type of trades.
You can now have access to these ALGORITHM on 2 weeks free trail. Please read below the chart.
Would you like to have access to my DIAMOND ALGO as shown above
and be able to apply for any market and any time frame on your own PC ? You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.
If so, please send me an email with the following information:
1. Are you currently trading futures?
2. Charting software you use?
3. If you use sierra or ATcharts, please let me know the user name so I can enable you
4. Markets you currently trading?
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
| Contract (Dec. 2011) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance Level 3 | 1288.60 | 2349.00 | 12502 | 769.67 |
| Resistance Level 2 | 1284.20 | 2339.00 | 12458 | 764.33 |
| Resistance Level 1 | 1279.10 | 2330.00 | 12412 | 757.47 |
| Pivot Point | 1274.70 | 2320.00 | 12368 | 752.13 |
| Support 1 | 1269.60 | 2311.00 | 12322 | 745.27 |
| Support Level 2 | 1265.20 | 2301.00 | 12278 | 739.93 |
| Support Level 3 | 1260.10 | 2292.00 | 12232 | 733.07 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Feb. Gold | Dec. Euro | Jan. Crude Oil | March. Bonds |
| Resistance Level 3 | 1636.1 | 1.3156 | 107.81 | 144 24/32 |
| Resistance Level 2 | 1622.4 | 1.3120 | 105.50 | 144 12/32 |
| Resistance Level 1 | 1614.2 | 1.3091 | 104.28 | 143 26/32 |
| Pivot Point | 1600.5 | 1.3055 | 101.97 | 143 14/32 |
| Support Level 1 | 1592.3 | 1.3026 | 100.75 | 142 28/32 |
| Support Level 2 | 1578.6 | 1.2990 | 98.44 | 142 16/32 |
| Support Level 3 | 1570.4 | 1.2961 | 97.22 | 141 30/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | March Corn | March Wheat | Jan. Beans | March. Silver |
| Resistance Level 3 | 673.7 | 679.7 | 1260.50 | 3206.3 |
| Resistance Level 2 | 668.8 | 674.3 | 1252.50 | 3089.7 |
| Resistance Level 1 | 663.7 | 665.7 | 1240.00 | 3023.8 |
| Pivot Point | 658.8 | 660.3 | 1232.00 | 2907.2 |
| Support 1 | 653.7 | 651.7 | 1219.5 | 2841.3 |
| Support Level 2 | 648.8 | 646.3 | 1211.50 | 2724.7 |
| Support Level 3 | 643.7 | 637.7 | 1199.00 | 2658.8 |
5. Economic Reports
French Consumer Spending
2:45am
Final Services
4:00am
CPI Flash Estimate
5:00am
Italian Prelim CPI
5:00am
Factory Orders
10:00am
Total Vehicle Sales
All Day