Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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Trading Levels & Economic Reports for 10-18-2011

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

On Friday I wrote the following:

Interesting price action today and we closed right at the 1220 level I have been talking about these last few days.

 

Market closed right on the high and I think that price action on Monday will be very important to watch.

 

Follow through and a CLOSE above 1220 can open the door for a more significant rally, on the other hand if the market fails against this level and start picking up momentum on the downside, I will get a sell signal.

Well after seeing today’s price action, I think we may have more room to the downside. If we can take out 1188, we may see 1154.

REGARDLESS of your market view, trading direction etc., more important is how one manages the trade, calculate the risk and control one own emotions in a way that enables you to execute your game plan, which at times will produce winners and at times will produce losers. Continue reading “Trading Levels & Economic Reports for 10-18-2011”

Trading Levels & Economic Reports for 10-17-2011

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

Interesting price action today and we closed right at the 1220 level I have been talking about these last few days.

Market closed right on the high and I think that price action on Monday will be very important to watch.

Follow through and a CLOSE above 1220 can open the door for a more significant rally, on the other hand if the market fails against this level and start picking up momentum on the downside, I will get a sell signal.

At this point I am flat and waiting for price action during the day session Monday before deciding which way and if to attack this market. Continue reading “Trading Levels & Economic Reports for 10-17-2011”

Trading Levels & Economic Reports for 10-14-2011

Posted on by Ilan

 

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

Full day ahead with important economic numbers along with G20 meeting taking place over the weekend. Continue reading “Trading Levels & Economic Reports for 10-14-2011”

Trading Levels & Economic Reports for 10-13-2011

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels

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1. Market Commentary

I read the following on the Wall St. blog and thought it is worth sharing:
“S&P 500, With ‘Violence and Passion,’ Soars Right to the Roof of Its Range” – By Steven Russolillo Continue reading “Trading Levels & Economic Reports for 10-13-2011”

Trading Levels & Economic Reports for 10-12-2011

Posted on by Ilan

In this post:

1. Real-Time Day Trading Signals Service
2. Support and Resistance Levels
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1. Real-Time Day Trading Signals Service

View Ilan’s E Mini S&P 500 charts. Read his trading notes. Hear his commentary. All live!
To get started, simply fill out the short form here!

We will send you your free invitation within one business day.
Please note, a valid email address and phone number are required. Continue reading “Trading Levels & Economic Reports for 10-12-2011”

Trading Levels & Economic Reports for 10-11-2011

Posted on by Ilan


In this post:

1. Market Commentary

2. Support and Resistance Levels

3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

Today’s rally was impressive and completed my target I mentioned over a week ago.

We crossed the 50 day moving average and closed above it as well. The BIG question is ” was the fact that this price action took place during a bank holiday on MUCH lower volume be a fake out?”

I guess the next few days will provide answers, in between daily chart of the SP500 ( big Sp, pit session) for your review below ( I included the 50 day Moving Avg. as well as the 100 day moving avg.): Continue reading “Trading Levels & Economic Reports for 10-11-2011”

Take Note of the Columbus Day Schedule for Monday | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

This morning un employment report lived up to its expectations….providing a volatile two sided action.

Subscribers to our daily webinar or to the LEVEX DIAMOND algo had access in real time to this 15 minutes mini SP chart below.

LEVEX DIAMOND Algo in the S&P 500 Futures Chart from October 7, 2011

LEVEX DIAMOND Futures Chart from October 7, 2011 Continue reading “Take Note of the Columbus Day Schedule for Monday | Support and Resistance Levels”

Report May Lead to Large Market Moves | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Notice to the Futures Trader
4. Economic Reports

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1. Market Commentary

The main thing about tomorrows report is the MARKET PERCEPTION of the data….

If the market takes the data in a positive way, we may see 1175 and maybe higher on the mini SP 500, on the other hand if the market “does not like the data”…then 1129 will be the first stop on the way down.

By the way you can listen to the SP500 squawk box live tomorrow ( you can login before the market open and listen to the un employment data as it comes out live.)

The trial is open this week and will be available until market close on Oct.7th so visit: traderaudio.com to start listening now.

Username: open

Password: squawk

Continue reading “Report May Lead to Large Market Moves | Support and Resistance Levels”

Watch for the Friday Unemployment Report | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Russell 2000 Futures Chart
4. Economic Reports

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1. Market Commentary

The long signal we got yesterday after the close ( which I shared on this blog yesterday afternoon) turned to be valid.

What stands in the way of more meaningful rally is this friday morning unemployment report.

If the market takes the data in a positive way, we may see 686 followed by 726 on the mini Russell daily chart below. But that’s a big if and time will tell…

By the way, you can listen to the SP500 squawk box live tomorrow and Friday ( you can login before the market open and listen to the data as it comes out live.)

The trial is open this week and will be available until market close on Oct.7th so visit: traderaudio.com to start listening now:

Username: open

Password: squawk

Daily chart of Mini Russell 2000 for your review below: Continue reading “Watch for the Friday Unemployment Report | Support and Resistance Levels”

What to do in Market Conditions of High Volatility and Increased Range | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports

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1. Market Commentary

Big volume day. We made new lows but then reversed and rallied strong into the last hour.

Bear market rallies can be pretty vicious…. If we would have taken out yesterdays high on this rally, the buy signal you see in the chart below would have been pretty powerful, but as is if this market can maintain the “legs” it showed today, we can see a test of 1154.

Should be another interesting trading day tomorrow.

Regardless of the market direction, understand that as volatility and ranges increase, one needs to adjust their trading size LOWER in order not to get “stopped by noise”.

Below is a daily chart of the mini SP Continue reading “What to do in Market Conditions of High Volatility and Increased Range | Support and Resistance Levels”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.