Quadruple Witching 3.16.2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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March madness in futures + Quadruple Witching….
Futures, futures options, stock options and single stocks all expire tomorrow morning right on the open of the stock market.
Keep in mind that March mini SP and it’s relatives (mini Dow, mini Nasdaq etc.) EXPIRE tomorrow and cash settle based on special settlement price….Markets can get volatile tomorrow morning right before and around the open.
The March contract will simply cease to trade. If you have not switched to June yet, now is the time…..
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.
Futures Trading Levels
3-16-2018
| Contract June 2018 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2787.92 | 7172.17 | 25474 | 1609.83 | 9310.00 |
| Resistance 2 | 2777.58 | 7136.08 | 25275 | 1601.47 | 8880.00 |
| Resistance 1 | 2765.67 | 7099.42 | 25092 | 1591.73 | 8560.00 |
| Pivot | 2755.33 | 7063.33 | 24893 | 1583.37 | 8130.00 |
| Support 1 | 2743.42 | 7026.67 | 24710 | 1573.63 | 7810.00 |
| Support 2 | 2733.08 | 6990.58 | 24511 | 1565.27 | 7380.00 |
| Support 3 | 2721.17 | 6953.92 | 24328 | 1555.53 | 7060.00 |
| Contract | Apr. Gold | May Silver | Apr. Crude Oil | June Bonds | Mar. Euro |
| Resistance 3 | 1338.0 | 16.73 | 62.28 | 145 27/32 | 1.2443 |
| Resistance 2 | 1333.0 | 16.65 | 61.91 | 145 17/32 | 1.2414 |
| Resistance 1 | 1324.8 | 16.52 | 61.56 | 145 7/32 | 1.2359 |
| Pivot | 1319.8 | 16.44 | 61.19 | 144 29/32 | 1.2330 |
| Support 1 | 1311.6 | 16.31 | 60.84 | 144 19/32 | 1.2275 |
| Support 2 | 1306.6 | 16.23 | 60.47 | 144 9/32 | 1.2246 |
| Support 3 | 1298.4 | 16.10 | 60.12 | 143 31/32 | 1.2191 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | Apr. Nat Gas |
| Resistance 3 | 395.1 | 500.8 | 1058.58 | 378.93 | 2.82 |
| Resistance 2 | 392.9 | 495.3 | 1052.42 | 376.87 | 2.79 |
| Resistance 1 | 389.8 | 487.0 | 1046.58 | 373.93 | 2.74 |
| Pivot | 387.7 | 481.5 | 1040.42 | 371.87 | 2.70 |
| Support 1 | 384.6 | 473.3 | 1034.6 | 368.9 | 2.6 |
| Support 2 | 382.4 | 467.8 | 1028.42 | 366.87 | 2.61 |
| Support 3 | 379.3 | 459.5 | 1022.58 | 363.93 | 2.56 |
Economic Reports, source:
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.
