Trading Levels & Economic Reports for 10-14-2011
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart
1. Market Commentary
Full day ahead with important economic numbers along with G20 meeting taking place over the weekend.
GOOD TRADING!
2. Support and Resistance Levels
| Contract (Dec. 2011) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1224.17 | 2397.25 | 11657 | 721.17 |
| Resistance 2 | 1213.38 | 2366.75 | 11567 | 710.93 |
| Resistance 1 | 1207.07 | 2350.00 | 11493 | 704.37 |
| Pivot | 1196.28 | 2319.50 | 11403 | 694.13 |
| Support 1 | 1189.97 | 2302.75 | 11329 | 687.57 |
| Support 2 | 1179.18 | 2272.25 | 11239 | 677.33 |
| Support 3 | 1172.87 | 2255.50 | 11165 | 670.77 |
| Contract | Dec. Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 1694.4 | 1.3986 | 87.79 | 141 20/32 |
| Resistance 2 | 1683.4 | 1.3901 | 86.59 | 140 31/32 |
| Resistance 1 | 1676.3 | 1.3845 | 85.57 | 140 5/32 |
| Pivot | 1665.3 | 1.3760 | 84.37 | 139 16/32 |
| Support 1 | 1658.2 | 1.3704 | 83.35 | 138 22/32 |
| Support 2 | 1647.2 | 1.3619 | 82.15 | 138 1/32 |
| Support 3 | 1640.1 | 1.3563 | 81.13 | 137 7/32 |
3. 3. Daily Mini Mini S&P 500 Futures Chart
SP500 is against major resistance at 1220, if we fail against it we may head lower again….if the market can break above and close above the technical picture will change.
