Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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As of today you should be trading June eminis, June financials, June currencies….
You should not be trading ANY March positions.
Below is a the daily chart of the JUNE mini SP the way I view it….
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.
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Levels for Trade Date of 03.14.2017
|Contract June 2017||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Apr. Gold||May Silver||April Crude Oil||June Bonds||June Euro|
|Resistance 3||1214.2||17.55||53.05||148 29/32||1.0716|
|Resistance 2||1211.6||17.43||51.95||148 13/32||1.0666|
|Resistance 1||1206.5||17.20||50.80||147 20/32||1.0626|
|Support 1||1198.8||16.86||48.55||146 11/32||1.0535|
|Support 2||1196.2||16.74||47.45||145 27/32||1.0485|
|Support 3||1191.1||16.51||46.30||145 2/32||1.0445|
|Contract||May Corn||May Wheat||May Beans||May SoyMeal||April Nat Gas|
German Final CPI m/m
German ZEW Economic Sentiment
Industrial Production m/m
ZEW Economic Sentiment
NFIB Small Business Index
10-y Bond Auction
Core PPI m/m
CB Leading Index m/m
Labor Market Conditions Index m/m
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.