Russell 2000 Heikin - Ashi Chart & Economic Reports 9.02.2015

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.

Russell 2000 Heikin – Ashi Chart & Economic Reports 9.02.2015

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday September 2, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Greetings! My lesson for today was something I actually mentioned in previous posts.

Twice I was in the right direction ( short the mini Russell) and twice I got stopped out only to see the market makes the move I anticipated.Should have implemented my own advice and WIDENED the stop based on recent volatility.

Better late than never, my new stop settings are in place for tomorrow!

Speaking of the mini Russell, below you will see  60 minute chart along with some possible extension based on last week sell off:

Custom TFE - Russell 2000 Index Mini, Equalized Active Daily Continuation:Heikin-Ashi

Custom TFE – Russell 2000 Index Mini, Equalized Active Daily Continuation:Heikin-Ashi

 

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.

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Futures Trading Levels

Contract Sept. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2019.25 4385.67 16910 1174.77 96.48
Resistance 2 1992.75 4326.83 16702 1162.83 96.19
Resistance 1 1951.75 4235.92 16376 1145.37 95.80
Pivot 1925.25 4177.08 16168 1133.43 95.51
Support 1 1884.25 4086.17 15842 1115.97 95.12
Support 2 1857.75 4027.33 15634 1104.03 94.83
Support 3 1816.75 3936.42 15308 1086.57 94.44
Contract Dec. Gold Dec. Silver Oct. Crude Oil Dec. Bonds Sept.   Euro
Resistance 3 1160.2 14.99 51.80 157 13/32 1.1481
Resistance 2 1153.7 14.87 50.33 156 16/32 1.1408
Resistance 1 1146.7 14.73 47.77 155 25/32 1.1356
Pivot 1140.2 14.61 46.30 154 28/32 1.1283
Support 1 1133.2 14.47 43.74 154 5/32 1.1231
Support 2 1126.7 14.35 42.27 153 8/32 1.1158
Support 3 1119.7 14.21 39.71 152 17/32 1.1106
Contract Dec. Corn Dec. Wheat Nov Beans Dec. SoyMeal Oct. Nat Gas
Resistance 3 380.2 500.3 890.92 316.03 2.77
Resistance 2 377.3 495.9 885.33 313.57 2.74
Resistance 1 373.2 491.1 879.67 310.83 2.72
Pivot 370.3 486.7 874.08 308.37 2.69
Support 1 366.2 481.8 868.4 305.6 2.7
Support 2 363.3 477.4 862.83 303.17 2.64
Support 3 359.2 472.6 857.17 300.43 2.61
Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 2  3:00am EUR Spanish Unemployment Change 35.3K -74.0K
5:00am EUR PPI m/m -0.1% -0.1%
8:15am USD ADP Non-Farm Employment Change 204K 185K
8:30am USD Revised Nonfarm Productivity q/q 2.9% 1.3%
USD Revised Unit Labor Costs q/q -0.5% 0.5%
10:00am USD Factory Orders m/m 0.8% 1.8%
10:30am USD Crude Oil Inventories -0.7M -5.5M
2:00pm USD Beige Book

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 judgment in trading.

 

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

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