This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.
The market feels to me as if it is either ready to pick up some more momentum to the downside or that this small correction ran its course and the trend up will resume…. I am looking at the following levels and price behavior around...
Wishing all of you a great weekend and a successful trading week ahead. Last two trading days we witnessed increased volatility, which usually provides for better day-trading ranges. Understanding ahead of time what is the risk you are willing to take, accepting this risk when...
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All futures markets will be open as normal tomorrow, however banks will closed due to Veterans day and we will NOT have any economic reports. Daily mini SP 500 chart with possible support/resistance levels for your review below:
We started out the week with slow trading day and narrow range on stock index futures. I got a “small sell signal” on mini Dow, which I would like to see a bit more down move before acting on it, simply because volume was not...
FOMC came and gone. market had its normal volatile two sided action but finished on the highs. I have said this before, many times you can see the “true market reaction” the day after FOMC. Tomorrow and Friday (monthly un-employment figures) should be interesting and...
A BIG 24 hours lay ahead….I suspect some volatility to hit the night markets as election results come out and then we jump right into FOMC tomorrow. FOMC tomrrow around 2:15 Eastern time. FOMC days have different characteristics than other trading days. If you have...
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.