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Tag: Product of Futures

Futures Trading Levels, Looking at the Underlying Product of Futures

Posted on by Ilan

Cannon Trading / E-Futures.com

Once in a while I like to take a look at the actual underlying product for the future I am trading. In the case of the mini SP500, the actual product is the SP500 cash index. Below is a daily chart of the SP500 cash index, courtesy of CQG charting software.

Based on the tools I use and have confidence in, I will look for failure against the 1301 level and/ or a break back below 1284 as a sign that selling may resume towards the previous lows around 1258 cash basis. As always, use your own judgement in trading, know the time frame you like to trade, your risk tolerance etc.

Daily Chart of the S&P 500 Cash Index from June 22nd 2011

Daily S&P 500 Cash Index Chart levels for Wednesday June 22nd, 2011 Continue reading “Futures Trading Levels, Looking at the Underlying Product of Futures”

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.