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Tag: Inside Day On Lower Volume

Lighter Volume into the New Year & Support and Resistance Levels 12.29.2021

Posted on by Ilan
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The last few trading days of 2021 have seen much lighter volume, a bit choppier price action as many of the larger traders and institutions took off the time right before Christmas and will return next week.
Understand the type of market environment you are in and how it affects trading in the markets you trade.
Markets will have NORMAL TRADING HOURS Thursday, Friday and Monday.
Happy Holidays and a prosperous new year from the Cannon Trading Team!

 

 

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

12-29-2021

Futures Support and Resistance Levels 12-29-2021


Economic Reports, Source: 

https://bettertrader.co/ 

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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.

Inside Day On Lower Volume

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Report for Thursday April 12, 2012

 

Hello Traders

“Inside day” today ( where today’s price action , highs and lows were “inside” of yesterdays range). Inside days on lower volume after a meaningful sell off, USUALLY and I repeat USUALLY mean resumption of the original break out or another leg down.


We never know what the future will hold so I will be watching early price action and reaction of the market to support and resistance levels before taking a stance in the market.

Mini Russell 2000 chart for your review below:

TFE - Russell 2000 Index Mini, Equalized Active Daily Continuation
TFE – Russell 2000 Index Mini, Equalized Active Daily Continuation

Continue reading “Inside Day On Lower Volume”

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.