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Tag: S&P 500 Pit Session

High Market Volatility as Shown by S&P 500 Pit Session | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
5. Earnings Releases

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1. Market Commentary

Days like today and yesterday encourage me to repeat what I wrote yesterday:

ALWAYS EXPECT THE UNEXPECTED! When volatility skyrockets like now, moves become extreme, the speed of the market really picks up and this is when one must adjust their trading size lower to accommodate for the wilder and wider moves.

Below is an hourly chart of SP500 pit session. Notice the gaps we have from overnight moves.

I think if we can break 1132, market may have a shot at closing the gap all the way up at: 1155 Continue reading “High Market Volatility as Shown by S&P 500 Pit Session | Support and Resistance Levels”

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.