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Quadruple Witching 3.16.2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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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: 

http://app.bettertrader.co

Economic Reports - Friday, March 16th 2018

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.

Tags: > > Posted in: Future Trading News   | Futures Trading  

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