Cannon Futures Weekly Letter

In Today’s Issue #1304

• The Week Ahead – Earnings & Jackson Hole

• Trading 102: Entry Signals (Video)

• Futures 102 – The Daily Briefing – What the Pros Know Before Trading

• Chart & Outlook

• Cannon Edge – Your Futures Trading Map for the week ahead!

• Trading Levels for Next Week
• Trading Reports for Next Week

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

We have everything needed to move the market next week as we do expect increased volatility daily from earnings reports and Government data releases. This, in addition to the lasting uncertainty in the Middle East. The key futures market news for next week’s trading focuses on the 2026 Jackson Hole Economic Policy Symposium that will take place Aug. 27-29.

FED

This year’s topic is “Financial Innovation: Implications for Payments and Policy.” The Federal Reserve Bank of Kansas City’s Economic Policy Symposium in Jackson Hole, Wyo., and is one of the longest-standing central banking conferences in the world. The event brings together economists, financial market participants, academics, U.S. government representatives and news media to discuss long-term policy issues, financial issues and global events.

Nvidia

With a market cap of 4.78 trillion dollars, Nvidia reports after the close Wednesday, the consensus EPS is 2.08 per share. As of this writing Nvidia is trading around 217.00 per share. (you can trade cash settled single stock futures through Cannon Trading and several of our FCM’s.: both micro and standard sized contracts) Call 800-454-9572 with any questions.

CB Consumer Confidence

Economic data releases for the upcoming week from CB Consumer Confidence Tuesday morning to the annual revision of Non-Farm Payrolls Friday morning @ 9:00am CDT with PCE, Durable goods and GDP numbers sprinkled in, it should be a very volatile week as we near the end of summertime trading.

Is the smoke clearing in the Mid-East and the markets have a renewed sense of confidence?

The energy’s, metals, securities and interest rates are swirling in the uncertainty from a lack of resolution in the attempted unwinding of the Iranian nuclear program.

Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.

  Plan your trade and trade your plan!

Earnings Next Week:

·        Mon. Palo Alto Networks

·        Tue. Intuit, Zoom, Dick’s Sporting Goods, Macy’s

·        Wed. Nvidia, Crowdstrike, Salesforce, HP, Williams Sonoma, Abercrombie. ,Kohl’s

·        Thu. AutoDesk, Dollar General, Best Buy, Hormel Foods, Campbell Soup

·        Fri.   Quiet

Fed Speakers: (all times CDT)

·        Mon. Quiet

·        Tues.  Barkin 7:00 am, Barkin 3:00 pm

·        Wed. Quiet

·        Thu.  Quiet

·        Fri.   Quiet

Econ Data:

·        Mon. Chgo. Fed Natl. Activity Index.

·        Tue. Redbook, ADP Weekly, Case/Shiller Home Price Index, CB Consumer Confidence, New home Sales, Richmond Fed Indices, API Crude stock change,

·        Wed. Core PCE, Durable Goods, GDP , EIA Crude stocks change, Jackson Hole

·        Thu. Jackson Hole, Goods Trade Balance, Retail and Wholesale Inventories, Initial Jobless claims, EIA Nat Gas Stocks, KC Fed Indices, Fed Balance sheet

Fri. Jackson Hole, Chgo. PMI, NFP annual revision,Mich. Consumer Sentiment Baker Hughes Oil Rig Count

Entry Signals and Price Confirmation

Using gold on a 15-minute chart for July 15, the speaker shows two signals: a triangle signal that becomes valid when price breaks below the previous bar low, and a green square setup that requires a break above the previous bar high. They note the triangle can be used with take-profit decisions supported by other indicators such as VWAP, or when it reverses along with the green square. The Loom then transitions to checking a similar setup on the NQ.

 If you like a free trial for the signals shown in the video, sign up here.

Watch Video Now!

Futures 102: The Daily Briefing by Cannon

Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.

That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.

This briefing changes that (100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.

No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.

Read the Latest Briefing HERE and make sure to Bookmark this page!

December Gold

December gold completed its first upside PriceCount objective earlier this month and consolidated. Now, the chart has resumed its rally into a new high. If sustained, the second count projects a possible run to the 4623 area.

Schedule a one-on-one consultation with a licensed series 3 broker HERE

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.

FREE TRIAL TO QT MARKET Center – Access to analysis, tools, news & much more!

Highly recommended for HEDGERS!

Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for August 24th, 2026

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

• Current price and daily % change
• 30‑day and 52‑week highs/lows
• PROPRIETARY Short‑term and long‑term trend signals
• Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

Daily Levels for August 24th, 2026

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com

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.

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!