Cannon Trading Blog

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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday June 13, 2012

Hello Traders,

Gold is holding some levels and starting to build somewhat of a bullish base in an attempt to make a run and break the 1641 high from last week?

I think so but in between I wanted to share with you a screen shot from today’s trading session of my intraday gold chart.

Would you like to have access to my DIAMOND and TOPAZ ALGOs 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 IN ADDITION to your free access into the “Live charts/ trading signals” room.

I think so but in between I wanted to share with you a screen shot from today’s trading session of my intraday gold chart.

To start your trial, please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

Or
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?

Continue reading “Futures Trading Levels & Economic Reports for 06-13 including 180 tick Renko Gold Chart”

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Continue reading “Tuesday Morning Support and Resistance Numbers”

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday June 12, 2012

Hello Traders,

Stock index futures pretty much gave up all their gain from Friday session and finished today on a bearish note.

The question is whats ahead for stock index futures and in the case of the chart below, the mini SP 500?

My opinion is that the fundamental news, which are coming out, mostly news from Europe will have importance. Most traders are technical by nature, i.e they make decisions based on chart formations. I fall into this category myself BUT it is important to be aware of economic reports times and different news affecting the markets you trade.

In the case of the mini SP 500 chart seen below, I see both open interest and volume rising while the trend strength is low in this case. Meaning the down trend that developed over last few weeks on the daily chart is not as a strong. That suggests more price action like we have seen over the past few sessions, strong days up, followed by strong days down etc.
My reading is that an hourly close below 1298 level, can trigger the next leg down.

Continue reading “Futures Trading Levels & Economic Reports for 06-12 including Mini S&P daily chart”

ROLLOVER DAY: ES, YM, NQ and TF are now trading the September (U2) contract.

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Continue reading “Thursday Morning Support and Resistance Numbers”

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Continue reading “Tuesday Morning Support and Resistance Numbers”

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Continue reading “Monday Morning Support and Resistance Numbers”