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Category Archives: S&P 500


Veterans Day, Price Banding + Trading levels for 11.11.2022

November 10th, 2022 Filed under Charts & Indicators, Day Trading, Future Trading News, Index Futures, Indices, S&P 500 | Comment (0)

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This morning at 7:30 A.M., Central Time / 5:30 A.M., Pacific Time, the Bureau of Labor Statistics released its Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services.  Instantly, stock index futures experienced EXTREME volatility.  The E-mini $5 Dow Jones futures contract (YMZ22) jumped ±500 points (a ±$2,600 per contract move) in less than 10 seconds. The E-mini S&P 500 futures contract (ESZ22) jumped ±100 points (a ±$5,000 per contract move) within that same short span of time.

What happened?  We wrote about this topic in detail a few weeks ago.  Read More!

If you are a day trader, make sure to check your calendar for when these important reports will occur.  Not being prepared may result in severely consequential results for your trades and your account.

Check out the 10-second chart below showing today’s market movement.

Also tomorrow is Veteran’s Day.   While banks are closed, the futures markets will be open regular hours.

Plan your trade and trade your plan.
#ES, Mini S&P Chart

Mini S&P 10 Second Chart

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 when it comes to Futures Trading.

Futures Trading Levels

for 11-11-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

SP500 #ES_FNasdaq100  #NQ_FDow Jones  #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds  #ZB_F Dec. 10 yr  #ZN_F Dec. Corn #ZC_F Dec.  Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept.  Euro Currency

Economic Reports, Source: 

Forexfactory.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.


Weekly Newsletter 1118: Try our In-House Created Family of Technical Studies+ Levels for October 10th 2022

October 7th, 2022 Filed under Index Futures, Indices, S&P 500, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1118

Dear Traders,

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Get Real Time updates and market alerts on Twitter!

Try our in-house created family of technical studies

  • Identify BUY and SELL signals
  • Plug into your own charts
  • Select your own market and timeframe
Free 3-week trial includes video tutorial and 23-page PDF e-book, explaining the studies’ approach and how to apply them to your trading.
Approach focuses on counter-trend and trend following price action and trade management.
Examples from today’s session using the E-mini SP500 chart below for your review. This is a 10,000 volume chart right before and after the NFP report.
Emini S&P 500 Volume Bar Chart 10,000 contracts

#ES

 

The above chart is an example of mostly “good signals”. Like any other concept, this model has “failed signals” as well and it is always MUCH easier to explain and review any method looking back after the fact then when one is trading live money in real time. Please read disclaimer below as it is VERY appropriate.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Futures Trading Videos:
1. Identifying Support And Resistance Using A Line Chart.
2. Finding Levels of Support Resistance
3. Day Trading crude oil futures using fear and greed….
Would you like to get daily support & resistance levels?
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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 when it comes to Futures Trading.

Futures Trading Levels

10-10-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

SP500 #ES_FNasdaq100  #NQ_FDow Jones  #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds  #ZB_F Dec. 10 yr  #ZN_F Dec. Corn #ZC_F Dec.  Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept.  Euro Currency

Weekly Levels

 

 

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

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 herein 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


Anticipated PPI Report Tomorrow + Future Trading Levels 9.14.2022

September 13th, 2022 Filed under Future Trading News, S&P 500 | Comment (0)

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CPI report lived up to the hype!  MAJOR volatility in speed and magnitude of the move!

The Mini SP 500, one of the most liquid markets in the world, sold off over 100 points in less than 1 minute!!

Traders “pulling out the bids” ahead of the report as well as the fast move caused many stop orders to get rejected!!

How can that be?

When impactful economic reports are released, we expect large , violent price swings. which may leave your open positions unprotected , even with stop orders. What creates the volatility? people cancel their bids and offers making for large orders, that would easily be absorbed by the market during normal conditions moving the market precipitously in either direction. As a result, the exchange wants a “balanced order book and created a Price band within which reasonable orders will be maintained, but if the market moves outside the band within seconds those orders are cancelled and not longer working, just like a stop with a limit would function.

We will expand on this topic in depth on tomorrows blog.

PPI tomorrow….Today was one of the highest volume days in recent month for stock index futures.

Below a 10 second chart of the ES from today! Click image to enlarge. A move of almost $6,000 in 45 seconds!

Stock Index futures are entering the “rollover period”.

December is now the front month/ higher volume.

September will expire this coming Friday at 8:30 Am Central time.

E-Mini S&P 500 Daily Chart

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 when it comes to Futures Trading.

Futures Trading Levels

09-14-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

 SP500 #ES_FNasdaq100  #NQ_FDow Jones  #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds  #ZB_F Dec. 10 yr  #ZN_F Dec. Corn #ZC_F Dec.  Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept.  Euro Currency

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.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.


WYNTK before trading tomorrow, Sept. 7th Futures Trading Levels

September 6th, 2022 Filed under Future Trading News, Index Futures, S&P 500 | Comment (0)

Get Real Time updates and more on our private FB group!

Short trading week ahead as we come back after Labor Day long weekend.

Keep in mind that crude oil inventories will come out Thursday instead of the regular Wednesday release.

Natural gas continues to be volatile dropping over 8.5% today!! almost $7600 per ONE contract.

British pound held nicely compare to the other currencies as UK welcomed a new Prime Minister.

Stock index futures experienced VERY choppy action on higher than avg. volume today, the day after a long weekend.

Daily chart of the mini SP 500 ( ESU22) for your review below, notice market is hanging right above FIB support level:

Mini S&P Daily Chart

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 when it comes to Futures Trading.

Futures Trading Levels

09-07-2022

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.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.


VIX Stock Index Trading Signals & Support and Resistance Levels 7.22.2021

July 21st, 2021 Filed under Commodity Brokers, Commodity Trading, Future Trading News, Indices, S&P 500 | Comment (0)

Dear Traders,

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VIX Stock Index Trading Signals

by Gabe Velazquez of www.TransparentTradingSolutions.com. For free trial to the room and more information, contact your broker.
Over the last several months, two of the major stock averages (the S&P 500 and Nasdaq 100) have been on a relentless upward trajectory. This has occurred as the VIX (S&P 500 Volatility Index) has remained elevated relative to its historical levels. In past bull markets, the VIX (which many refer to as the fear gauge) has traded in the low teens and even dropped to single digit readings during strong advances in the stock market. So why is this time different? More importantly, can we use the VIX to increase our odds of timing long and short entries in the S&P 500 and Nasdaq futures? I believe the answer is yes.
First, A quick definition of the VIX: It is an index that measures the premium of at-the-money Calls and Puts on the Cash S&P 500 going out one month in duration. Some market participants utilize options (because of their leverage component) to hedge long only portfolios. For that reason, when the stocks come under pressure, the demand for this protection increases and thus premiums (the cost to buy options) increases. Simply, there is an inverse correlation between the VIX index and stocks. As stocks drop, the VIX will rise and vice-versa.
Now that we have a better understanding of how the VIX works, let’s look at a 4 hour chart going back 2 months. In it, we can see that it has formed a clearly defined range between 15 on the lower band and 21 on the high extremity. If you look at a chart of the S&P 500 futures you will notice that on every corrective (drop) in this index over the last 2 months, the VIX has rallied up to 21. Additionally, note that when the VIX fails to move above this level, the ES (S&P 500 futures) stops falling and usually finds buyers. Conversely, when stocks advance, and the VIX stays above 15, stocks generally pause or struggle to have any meaningful move higher.
Of course, this range will not persist indefinitely, as these patterns never do. However, I believe we can glean useful information from this environment. Can we surmise that a break above the recent range in the VIX implies more selling (bearish) implications? Separately, a break below the key 15 level may insinuate that institutional investors feel more comfortable lifting their hedges, thus leaving more room for stocks to rally in the short-term.
We can never rely on one single indicator to buy or sell, but as traders, we always need to seek an edge. Perhaps this can give you a different way to look at the markets. More importantly, by monitoring the VIX relative to what options traders and institutions are doing to hedge their portfolios, my hope is that it can help you make better trading decisions.
Until next time, I hope everyone has a great trading week.
Gabe
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.
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 when it comes to Futures Trading.

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 when it comes to Futures Trading.

 

Futures Trading Levels

7-22-2021

Economic Reports, source: 

 www.BetterTrader.co

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 herein contained are derived from sources believed to be reliable but are not guaranteed as to the 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.

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