Trading Levels & Economic Reports for 10-17-2011

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

1. Market Commentary

Interesting price action today and we closed right at the 1220 level I have been talking about these last few days.

Market closed right on the high and I think that price action on Monday will be very important to watch.

Follow through and a CLOSE above 1220 can open the door for a more significant rally, on the other hand if the market fails against this level and start picking up momentum on the downside, I will get a sell signal.

At this point I am flat and waiting for price action during the day session Monday before deciding which way and if to attack this market.

GOOD TRADING!

2. Support and Resistance Levels

Contract (Dec. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1240.50 2434.00 11880 739.30
Resistance 2 1230.90 2401.50 11734 725.60
Resistance 1 1225.70 2385.25 11650 717.80
Pivot 1216.10 2352.75 11504 704.10
Support 1 1210.90 2336.50 11420 696.30
Support 2 1201.30 2304.00 11274 682.60
Support 3 1196.10 2287.75 11190 674.80

 

Contract Dec. Gold Dec. Euro Nov. Crude Oil Dec. Bonds
Resistance 3 1706.4 1.4106 92.21 139 13/32
Resistance 2 1695.9 1.3995 89.80 139 1/32
Resistance 1 1689.5 1.3935 88.58 138 18/32
Pivot 1679.0 1.3824 86.17 138 6/32
Support 1 1672.6 1.3764 84.95 137 23/32
Support 2 1662.1 1.3653 82.54 137 11/32
Support 3 1655.7 1.3593 81.32 136 28/32

3. Daily Mini Mini S&P 500

Tags: > Posted in: Futures Trading  

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