Trading Levels & Economic Reports for 10-11-2011

Trading Levels & Economic Reports for 10-11-2011


In this post:

1. Market Commentary

2. Support and Resistance Levels

3. Daily Mini Mini S&P 500 Futures Chart

1. Market Commentary

Today’s rally was impressive and completed my target I mentioned over a week ago.

We crossed the 50 day moving average and closed above it as well. The BIG question is ” was the fact that this price action took place during a bank holiday on MUCH lower volume be a fake out?”

I guess the next few days will provide answers, in between daily chart of the SP500 ( big Sp, pit session) for your review below ( I included the 50 day Moving Avg. as well as the 100 day moving avg.):

GOOD TRADING!

2. SUPPORT AND RESISTANCE LEVELS

Contract (Dec. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1219.33 2375.92 1164 721.90
Resistance 2 1205.67 2326.58 11569 703.40
Resistance 1 1198.33 2301.67 11469 693.30
Pivot 1184.67 2252.33 11274 674.80
Support 1 1177.33 2227.42 11174 664.70
Support 2 1163.67 2178.08 10979 646.20
Support 3 1156.33 2153.17 10879 636.10

 

Contract Dec. Gold Dec. Euro Nov. Crude Oil Dec. Bonds
Resistance 3 1702.5 1.4081 90.32 141 29/32
Resistance 2 1689.6 1.3886 88.21 141 2/32
Resistance 1 1683.2 1.3762 86.98 140 9/32
Pivot 1670.3 1.3567 84.87 1139 14/32
Support 1 1663.9 1.3443 83.64 138 21/32
Support 2 1651.0 1.3248 81.53 137 26/32
Support 3 1644.6 1.3124 80.30 137 1/32

3. Daily Mini S&P 500 Futures Chart from October 10, 2011

Daily Mini S&P 500 Futures Chart from October 10, 2011


Tags: > Posted in: Trading Guide  

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