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Tag: Future Trading News

More Volatitity after Holiday Weekend | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Hourly Futures chart of PIT big S&P500
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

Market came back from a long weekend with extra energy and extra volatility.

We gaped lower to start the session and then bounced most of the day after better than expected ISM.

At this point, there more than a few gaps on the daily chart to be filled in both directions.

I am looking at a “band” between 1183 and 1136 as we go into tonight’s and tomorrow session.

To be honest, I don’t have a feel on which way to play the market outside of day-trading set ups right now.

I share these set ups, like the one below using the hourly chart in my daily, live signals service.

Hourly chart of PIT (big SP500) for your review below: Continue reading “More Volatitity after Holiday Weekend | Support and Resistance Levels”

Futures Trading Levels and Economic Reports for January 7, 2010

Posted on by Ilan

Daily chart of the SP cash index below….I got a potential sell set up if CASH goes below  1270.

We have monthly unemployment tomorrow before the CASH market opens, so it will be interesting to see how the market reacts.

Either way, make sure you have a trading plan and that you are comfortable with the risk – reward associated with your trading plan so you can have the confidence to execute it.

SP-500-Day-Trading-2011-01-07 Continue reading “Futures Trading Levels and Economic Reports for January 7, 2010”

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.