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November Soybeans PLUS: CannonEdge Snapshot, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on June 11th, 2026

Posted on June 10, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Aug (#GC)	3969.57	4035.63	4158.37	4224.43	4347.17
Silver (SI) — July. (#SI)	61.89	62.81	64.35	65.82	66.82
Crude Oil (CL) — July. (#CL)	85.65	88.35	90.10	92.80	94.55
Sept. Bonds (ZB) — Sept. (#ZB)	110 27/32	111 6/32	111 19/32	111 30/32	112 11/32

Soybeans

November Soybeans

November beans completed the first downside PriceCount objective and is correcting with a near term consolidation. If the chart can resume its break with new sustained lows, the second count would project a possible slide to the $11.05 area.

That’s November Soybeans!

soybean

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Cannon Edge — Your Daily Futures Snapshot for June 11th

Daily Levels for June 11th, 2026

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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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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CPI Tomorrow PLUS: CannonEdge Snapshot, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on June 10th, 2026

Posted on June 9, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Aug (#GC)	4181.63	4232.07	4310.33	4360.77	4439.03
Silver (SI) — July. (#SI)	61.63	63.51	66.35	68.23	71.07
Crude Oil (CL) — July. (#CL)	83.00	85.66	88.60	91.26	94.20
Sept. Bonds (ZB) — Sept. (#ZB)	110 27/32	111 10/32	111 19/32	112 2/32	112 11/32

CPI Tomorrow!

cpi

CPI Market moving event – be careful – some platforms may see higher day trade margins until after the release and “smoke clearing”.

CPI

Here is my bias, stated plainly. I follow the market — I do not lead it. The market sold off this week, but the larger trend has not broken. A short-term top usually behaves the same way: it sells off, builds back, and then either takes out the previous high or it doesn’t.

If it does, the uptrend is still in charge, and the dip-buyers were right. If it can’t, that is often the start of a more meaningful downturn, and the levels start mattering a lot. I am not going to call which one we get.

I am going to let the levels tell me — SPX 7,330 on the downside, the prior high on the upside, SOX behavior at the 20-day SMA, and BTC behavior around the February low. The third option is finding support and consolidation.

Look for the CPI Tomorrow!

READ THE REST and SEE CHARTS

Cannon Edge — Your Daily Futures Snapshot for June 10th

Daily Levels for June 10th

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Add price confirmation workflow for signal-based intraday trading PLUS: Pre-Market Briefing PODCAST, July Coffee, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 27th, 2026

Posted on May 26, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — June (#GC)	4420.60	4464.50	4523.90	4567.80	4627.20
Silver (SI) — July. (#SI)	73.96	75.66	77.45	79.15	80.94
Crude Oil (CL) — July. (#CL)	87.26	90.40	92.55	95.69	97.84
June Bonds (ZB) — June. (#ZB)	111 6/32	111 21/32	112 4/32	112 19/32	113 2/32

Add price confirmation workflow for signal-based intraday trading

intraday

Overview

Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
The core behavior is to wait for the market to respect the signal before entering:
For a sell signal, confirm by breaking below the previous bar low.
For a buy signal, confirm by breaking above the previous bar high.
Helps filter out weak or premature signals and encourages more patient trade selection.
Demonstrates how the signal indicator can be paired with additional visual context, including:
Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
Trailing-stop management once the trend begins to fade or reverse.
Reinforces that the trader still needs to manage:
- position size
- stops
- targets
- trade exits
Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.
used as a discretionary visual aid and not as a hard entry/exit requirement.
This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE

July Coffee

July Coffee satisfied the second downside PriceCount objective and is showing some stability. At this point, IF the chart can resume its break with new sustained lows, the third count would project a possible slide to the 215.65 area.

Learn more at www.qtchartoftheday.com

Cannon Edge — Your Daily Futures Snapshot for May 27th

Daily Levels for May 27th

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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How Day Traders Can Use Our CannonEdge Snapshot PLUS: July KC – Chicago Wheat Spread, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on May 21st, 2026

Posted on May 20, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — June (#GC)	4417.57	4483.53	4520.97	4586.93	4624.37
Silver (SI) — July. (#SI)	71.95	74.12	75.56	77.72	79.16
Crude Oil (CL) — July. (#CL)	92.47	95.52	99.98	103.03	107.49
June Bonds (ZB) — June. (#ZB)	108 30/32	109 30/32	110 15/32	111 15/32	112

Today’s question by a client:

If I am a day trader, how should I use the Cannon Edge table you share daily?

day trader

Highlight markets where ST = LT
Decide bias (long or short)
Ignore the opposite side unless extreme setup
Use key levels (30-day / 52-week) as targets
Execute using your intraday system
Avoid markets with conflicting trends unless scalping

What the Cannon Edge Table Actually Gives You

From the screenshot, each market shows:

Close & Today’s Change → very short-term momentum
30-day / 52-week highs & lows → key reference levels
Short-Term Trend (Up/Down arrows)
Long-Term Trend (Up/Down arrows)

In simple terms:

Short-term trend = tactical bias (today–this week)
Long-term trend = structural bias (bigger picture)

⚡ How a Day Trader Should Use It (Practical Playbook)

1. Start Every Morning with a Bias Map

Tell your client:

“The table helps you decide what side of the market you want to be on, not where to click buy or sell.”

Example from the image:

S&P (EP):
Short-term: ⬆️
Long-term: ⬆️
✅ → Strong alignment → Look for LONGS intraday
Natural Gas (NGE):
Short-term: ⬆️
Long-term: ⬇️
⚠️ → Conflict → Expect chop / quick trades only

2. Trade WITH Alignment = Higher Probability

This is the most important rule:

✅ When BOTH trends agree:

Focus heavily on that direction
Be more patient for entries
Hold winners longer intraday

From the table:

Nasdaq (ENQ): ⬆️ / ⬆️
Soybeans (ZSE): ⬆️ / ⬆️

These are your “A setups” markets

3. When Trends Conflict → Scalp Mode

⚠️ Short-term UP + Long-term DOWN:

Rally = likely resistance
Look for fades or quick longs only

⚠️ Short-term DOWN + Long-term UP:

Pullback environment
Look for dip buys (but not breakouts)

Example:

Crude Oil → short-term up, long-term down
Expect failed breakouts / range behavior

4. Use High/Low Levels as Intraday Targets

The table gives:

30-day highs/lows
52-week highs/lows

These are institutional reference points.

How a day trader uses them:

If price approaches:
30-day high → watch for breakout or rejection
Prior range extremes → profit targets

Example:

ES near 7483.75 (52-week high)
→ If price gets close intraday = big decision zone

5. Combine With Your Entry System (Critical)

The table does NOT replace execution tools.

Day trader should still use:

Order flow / DOM
VWAP
Opening range breakout
Support/resistance
Volume imbalances

The table answers: “Should I be looking long or short today?”

Your execution answers: “Where exactly do I enter?”

6. Filter Markets (Massive Edge)

A lot of traders overtrade.

Use the table to:

Pick 2–4 markets max
Focus only on those with:
Alignment
Strong daily moves
Clean structure

Example shortlist from your image:

ENQ (Nasdaq)
SIE (Silver)
ZSE (Soybeans)

7. Momentum Confirmation (Today’s Change Column)

Strong green + uptrend → continuation likely
Weak / mixed → avoid or reduce size

Example:

Cocoa (CCE): -4.64% → High volatility → great for fast trades but risky

July KC – Chicago Wheat Spread

The July KC – Chicago Wheat Spread activated downside PriceCounts on the correction and has completed the first target near 39. It would be normal to get a near term reaction in the form of a consolidation or corrective trade from this level. If the chart can sustain further weakness, the second count would project a possible slide to the 28 area. It would take a trade below the March reactionary low to formally negate the low percentage fourth upside target.

Learn more at www.qtchartoftheday.com

Cannon Edge — Your Daily Futures Snapshot for May 21st

Daily Levels for May 21st

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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FOMC Minutes + Energy Numbers + NVIDIA earnings tomorrow PLUS: July KC – Chicago Wheat Spread, CannonEdge Snapshot, Pre-Market Briefing PODCAST, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 20th, 2026

Posted on May 19, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — June (#GC)	4390.73	4440.47	4516.83	4566.57	4642.93
Silver (SI) — July. (#SI)	69.58	71.86	75.63	77.92	81.69
Crude Oil (CL) — July. (#CL)	101.08	102.77	103.82	105.51	106.56
June Bonds (ZB) — June. (#ZB)	108 27/32	109 12/32	110 3/32	110 20/32	111 11/32

FOMC Minutes + Energy Numbers + NVIDIA earnings tomorrow- Wednesday May 20th!

Add price confirmation workflow for signal-based intraday trading

energy

Overview

Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
The core behavior is to wait for the market to respect the signal before entering:
- For a sell signal, confirm by breaking below the previous bar low.
- For a buy signal, confirm by breaking above the previous bar high.
Helps filter out weak or premature signals and encourages more patient trade selection.
Demonstrates how the signal indicator can be paired with additional visual context, including:
- Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
- Trailing-stop management once the trend begins to fade or reverse.
Reinforces that the trader still needs to manage:
- position size
- stops
- targets
- trade exits
Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.
used as a discretionary visual aid and not as a hard entry/exit requirement.
This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE

July KC – Chicago Wheat Spread

Learn more at www.qtchartoftheday.com

Cannon Edge — Your Daily Futures Snapshot for May 20th

Daily Levels for May 20th

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Find us on Trustpilot

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Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Copper Continues Advance on Tariff Concerns PLUS: July/November (N-X) Soybean Spread, CannonEdge Snapshot, Pre-Market Briefing PODCAST, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 15th, 2026

Posted on May 14, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — June (#GC)	4613.33	4636.47	4681.13	4704.27	4748.93
Silver (SI) — July. (#SI)	80.42	82.26	85.71	87.56	91.01
Crude Oil (CL) — June. (#CL)	98.29	100.14	101.25	103.10	104.21
June Bonds (ZB) — June. (#ZB)	111 23/32	111 30/32	112 12/32	112 19/32	113 1/32

Copper Continues Advance on Tariff Concerns

By

Tom Pawlicki of StoneX market Intelligence

copper

US copper futures made a new all-time high on Tuesday, with support continuing to come from flows of metal to CME warehouses, driven by potential new US tariff policies.

CME warehouse inventories of copper reached a record high yesterday at 624,000 MT. Inventories had reached a prior peak on March 2 at 601,700 just after the February 20 tariff ruling by the US Supreme Court which deemed tariffs under the IEEPA provision to be illegal. A plateau in CME inventories followed for seven weeks until a new high was made on April 22.

The current surge in copper inventories began in January 2025 when they were around 95,000 MT. The expectation that new tariffs would be applied by newly inaugurated President Trump had driven flows toward US-based warehouses in order for copper consumers to be able to buy feedstock without tariffs.

Many of those supplies were drawn from warehouses in China or from the LME, but inventories in those places have been rising as well starting this year.

News regarding tariffs on copper has been difficult to track because developments have changed frequently. After inauguration day, the president issued an Executive Order to conduct a study on the national security implications around copper imports. The study was due by November 22, 2025, but was preempted on July 8, 2025, when the president announced a 50% tariff on all copper imports starting on August 1st.

Prices rallied 66c/lb that day on July 8, or more than 13%, but didn’t advance much more after that. The president later moved to exclude refined copper from the tariffs on July 30th, and that forced prices to drop $1.27/lb within two days, or 22.5%. The spread between the CME-LME had surged and later collapsed based on the two announcements.

The Supreme Court decision striking down the IEEPA tariffs did not close the case on tariffs, which are still subject to implementation under Section 232. Those are considered legal if a Department of Commerce investigation finds that those imports threaten to impair U.S. national security.

A “simplification” of the tariff policy regarding copper was made five weeks ago on April 6, which implements a 50% tariff on articles made almost entirely with copper such as coils, wire and sheets. There are four additional classifications and tariff levels for derivative articles depending on how much copper they contain and whether the copper was made in the US, and they tariff the full value of the product rather than just the copper portion.

Metal-intensive industrial equipment and electrical grid equipment will pay 15% of the product’s value through 2027, when a new set of tariffs on refined copper may be implemented. A decision on those tariffs is expected to be made in July 2026.

With uncertainty about future tariffs still dominant, markets continue to draw the metal to CME warehouses in an attempt to avoid any future levies. That could keep prices supported on a long-term basis, and CFTC data on commitments of traders shows that happening.

There was some liquidation by the managed money group from January to March surrounding the Supreme Court decision, but traders have been moving back into the long side of copper futures since late-March. The net long has risen 28,200 contracts since then or an increase of about 80%.

Important: Trading commodity futures and options involves a substantial risk of loss.

The recommendations contained in this chart are of opinion only and do not guarantee any profits.

Past performances are not necessarily indicative of future results.

July/November (N-X) soybean spread

The “widowmaker” in agricultural futures often refers to the high-risk, volatile July/November (N-X) soybean spread. This spread pits the old-crop supply (July) against new-crop supply (November), reacting violently to weather reports, planting acreage, and inventory data, which can lead to significant losses if the market reversals occur.

The July – Nov Bean Spread resumed its break into a new low for the move. The chart is testing support against the lows and approaching the third downside PriceCount objective to the 4 cent area.

Learn more at www.qtchartoftheday.com

Cannon Edge — Your Daily Futures Snapshot for May 15th

Daily Levels for May 15th

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

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Day Trader Client Question of the Day PLUS: CannonEdge Snapshot, July KC Wheat, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on May 13th, 2026

Posted on May 13, 2026May 13, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — June (#GC)	4644.83	4672.47	4703.63	4731.27	4762.43
Silver (SI) — July. (#SI)	84.49	86.42	88.26	90.19	92.04
Crude Oil (CL) — June. (#CL)	98.70	99.96	101.81	103.07	104.92
June Bonds (ZB) — June. (#ZB)	111 18/32	111 28/32	112 5/32	112 15/32	112 24/32

Today’s question by a client:

If I am a day trader, how should I use the Cannon Edge table you share daily?

day trader

Highlight markets where ST = LT
Decide bias (long or short)
Ignore the opposite side unless extreme setup
Use key levels (30-day / 52-week) as targets
Execute using your intraday system
Avoid markets with conflicting trends unless scalping

What the Cannon Edge Table Actually Gives You

From the screenshot, each market shows:

Close & Today’s Change → very short-term momentum
30-day / 52-week highs & lows → key reference levels
Short-Term Trend (Up/Down arrows)
Long-Term Trend (Up/Down arrows)

In simple terms:

Short-term trend = tactical bias (today–this week)
Long-term trend = structural bias (bigger picture)

⚡ How a Day Trader Should Use It (Practical Playbook)

1. Start Every Morning with a Bias Map

Tell your client:

“The table helps you decide what side of the market you want to be on, not where to click buy or sell.”

Example from the image:

S&P (EP):
Short-term: ⬆️
Long-term: ⬆️
✅ → Strong alignment → Look for LONGS intraday
Natural Gas (NGE):
Short-term: ⬆️
Long-term: ⬇️
⚠️ → Conflict → Expect chop / quick trades only

2. Trade WITH Alignment = Higher Probability

This is the most important rule:

✅ When BOTH trends agree:

Focus heavily on that direction
Be more patient for entries
Hold winners longer intraday

From the table:

Nasdaq (ENQ): ⬆️ / ⬆️
Soybeans (ZSE): ⬆️ / ⬆️
Silver (SIE): ⬆️ / ⬆️

These are your “A setups” markets

3. When Trends Conflict → Scalp Mode

⚠️ Short-term UP + Long-term DOWN:

Rally = likely resistance
Look for fades or quick longs only

⚠️ Short-term DOWN + Long-term UP:

Pullback environment
Look for dip buys (but not breakouts)

Example:

Crude Oil → short-term up, long-term down
Expect failed breakouts / range behavior

4. Use High/Low Levels as Intraday Targets

The table gives:

30-day highs/lows
52-week highs/lows

These are institutional reference points.

How a day trader uses them:

If price approaches:
30-day high → watch for breakout or rejection
Prior range extremes → profit targets

Example:

ES near 7483.75 (52-week high)
→ If price gets close intraday = big decision zone

5. Combine With Your Entry System (Critical)

The table does NOT replace execution tools.

Day trader should still use:

Order flow / DOM
VWAP
Opening range breakout
Support/resistance
Volume imbalances

The table answers: “Should I be looking long or short today?”

Your execution answers: “Where exactly do I enter?”

6. Filter Markets (Massive Edge)

A lot of traders overtrade.

Use the table to:

Pick 2–4 markets max
Focus only on those with:
Alignment
Strong daily moves
Clean structure

Example shortlist from your image:

ENQ (Nasdaq)
SIE (Silver)
ZSE (Soybeans)

7. Momentum Confirmation (Today’s Change Column)

Strong green + uptrend → continuation likely
Weak / mixed → avoid or reduce size

Example:

Cocoa (CCE): -4.64% → High volatility → great for fast trades but risky

July KC Wheat

July KC Wheat resumed its rally into a new high where the chart completed its low percentage fourth upside PriceCount objective to the 7.50 area. This suggests we may have come far enough to satisfy this phase of the bull run.

Learn more at www.qtchartoftheday.com

Cannon Edge — Your Daily Futures Snapshot for May 14th

Daily Levels for May 14th

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Find us on Trustpilot

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Add price confirmation workflow for signal-based intraday trading PLUS: July Copper, Pre-Market Briefing PODCAST, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 13th, 2026

Posted on May 12, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — June (#GC)	4580.07	4653.13	4718.27	4791.33	4856.47
Silver (SI) — July. (#SI)	82.04	84.73	86.37	89.06	90.70
Crude Oil (CL) — June. (#CL)	96.30	99.33	101.02	104.05	105.74
June Bonds (ZB) — June. (#ZB)	111 21/32	111 31/32	112 15/32	112 25/32	113 9/32

Add price confirmation workflow for signal-based intraday trading

intraday

Overview

Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
The core behavior is to wait for the market to respect the signal before entering:
For a sell signal, confirm by breaking below the previous bar low.
For a buy signal, confirm by breaking above the previous bar high.
Helps filter out weak or premature signals and encourages more patient trade selection.
Demonstrates how the signal indicator can be paired with additional visual context, including:
Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
Trailing-stop management once the trend begins to fade or reverse.
Reinforces that the trader still needs to manage:
position size
stops
targets
trade exits
Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.
used as a discretionary visual aid and not as a hard entry/exit requirement.
This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE

July Copper

July Copper satisfied its first upside PriceCount objective earlier this year and corrected. Now, the chart is threatening to break out where new sustained highs would project a possible run to the second count to the 7.14 area.

Learn more at www.qtchartoftheday.com

Cannon Edge — Your Daily Futures Snapshot for May 13th

Daily Levels for May 13th

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Find us on Trustpilot

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

AI Stocks push higher, leading a bullish market PLUS: How to Place a Trailing Stop on CannonX VIDEO, Pre-Market Briefing PODCAST, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 12th, 2026

Posted on May 11, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — June (#GC)	4616.57	4681.33	4719.87	4784.63	4823.17
Silver (SI) — July. (#SI)	77.04	81.91	84.40	89.27	91.77
Crude Oil (CL) — June. (#CL)	94.01	96.12	98.25	100.36	102.49
June Bonds (ZB) — June. (#ZB)	112 16/32	112 24/32	113 6/32	113 14/32	113 28/32

Technical Analysis Weekly Market Update

By Eli Levy, Senior Analyst

CPI tomorrow is a market moving report and we anticipate higher volatility going into and right after the report.

Over a week old but still the best quote — Jeff DeGraff of Renaissance Macro had what I think was the cleanest framing of where this market sits as we close out April: we’re still dancing, but we’re staying in close proximity to the door. The tape, as DeGraff put it, is the dominant factor — and the tape is moving in the right direction. That keeps him constructive.

Artificial Intelligence (AI)

The driving engine behind this week’s push higher in stocks continued to be the artificial intelligence (AI) infrastructure plays, especially in the chip stocks. AMD reported earnings on Tuesday and helped fuel additional bullish momentum as AMD CEO Lisa Su once again revised longer-term growth expectations higher. The continuous data points from the chip companies suggest that compute demand still outstrips supply.

Another euphoric week and not without reason. Friday morning’s stronger-than-expected monthly jobs report appears to be reinforcing the notion that the labor market is firm, and the AI secular growth story will continue to support economic growth, regardless of higher oil prices and no rate cuts from the Federal Reserve. Are markets becoming complacent? Possibly — but current conditions still support bullish momentum. The global economy is experiencing a major capital expenditure cycle, while earnings expectations continue to trend higher.

Bullish Positioning

As long as pullbacks are consistently bought and dip buyers continue to be rewarded, bullish positioning can reinforce itself and extend trends longer than many expect. When markets continue stair-stepping into new all-time highs, there is little historical resistance overhead. In these environments, price discovery remains active, meaning the market is still attempting to determine fair value.

Near-term conditions may appear overbought, particularly in areas like the semiconductor sector, but overbought conditions alone do not determine when a pullback will occur. Strong momentum can persist longer than expected.

Instead of predicting reversals solely from stretched conditions, traders should monitor for actual signs of weakening momentum, such as: bearish reversal candlestick patterns on the daily timeframe; failed breakouts or loss of follow-through; deteriorating breadth or momentum confirmation; and negative news.

See review of many charts from different segments along with key levels to watch and market direction HERE.

Cannon Edge — Your Daily Futures Snapshot for May 12th

Daily Levels for May 12th, 2026

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Non-farm Payrolls (NFP) PLUS: June Live Cattle, Pre-Market Briefing TEXT & PODCAST, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t Miss Need-To-Knows for Trading Futures on May 8th, 2026

Posted on May 7, 2026May 7, 2026 by Cannon Operations

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — June (#GC)	4648.80	4684.80	4730.00	4766.00	4811.20
Silver (SI) — July. (#SI)	74.76	77.29	79.98	82.51	85.20
Crude Oil (CL) — June. (#CL)	86.81	91.39	94.42	99.00	102.03
June Bonds (ZB) — June. (#ZB)	112 12/32	112 25/32	113 15/32	113 28/32	114 18/32

Non-farm Payrolls (NFP)

nfp

What are Non-Farm Payrolls?

Tomorrow’s Non-farm Payrolls (NFP) report is one of the most important catalysts for futures traders, as it can quickly reset expectations for economic growth, interest rates, and Federal Reserve policy.

What drives NFP?

Strong or weak employment data often drives sharp, fast moves in equity index futures, Treasury futures, currencies, and even metals, especially in the minutes immediately following the release.

How can traders use NFP?

For traders, the focus should be less on predicting the number and more on how price reacts—watching volatility, liquidity, and key technical levels to determine whether the market is confirming or fading the initial move. With NFP, disciplined risk management is essential, as expanded ranges and sudden reversals are common once the market digests the data.

June Live Cattle

June Live Cattle satisfied the second upside PriceCount objective and corrected. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a potential move to the $284.16 area.

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Cannon Edge — Your Daily Futures Snapshot for May 8th

Daily Levels for May 8th

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At A Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Sept. Bonds (ZB)

Soybeans

November Soybeans

That’s November Soybeans!

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Cannon Edge — Your Daily Futures Snapshot for June 11th

Daily Levels for June 11th, 2026

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At A Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Sept. Bonds (ZB)

CPI Tomorrow!

CPI

Look for the CPI Tomorrow!

Cannon Edge — Your Daily Futures Snapshot for June 10th

Daily Levels for June 10th

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Gold (GC)

Silver (SI)

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June Bonds (ZB)

Add price confirmation workflow for signal-based intraday trading

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July Coffee

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Cannon Edge — Your Daily Futures Snapshot for May 27th

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At A Glance Levels

Gold (GC)

Silver (SI)

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June Bonds (ZB)

Today’s question by a client:

If I am a day trader, how should I use the Cannon Edge table you share daily?

Highlight markets where ST = LT

Decide bias (long or short)

Ignore the opposite side unless extreme setup

Use key levels (30-day / 52-week) as targets

Execute using your intraday system

Avoid markets with conflicting trends unless scalping

What the Cannon Edge Table Actually Gives You

From the screenshot, each market shows:

In simple terms:

⚡ How a Day Trader Should Use It (Practical Playbook)

1. Start Every Morning with a Bias Map

Tell your client:

Example from the image:

2. Trade WITH Alignment = Higher Probability

✅ When BOTH trends agree:

3. When Trends Conflict → Scalp Mode

⚠️ Short-term UP + Long-term DOWN:

⚠️ Short-term DOWN + Long-term UP:

4. Use High/Low Levels as Intraday Targets

How a day trader uses them: