Volatile Markets – Be Careful!! 2.13.2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Stock index futures seemed a bit more “relaxed” today with lower intra-day volatility and swings but still a pretty large upside moves.
Be careful and make sure you control your emotions, these are not the days for “revenge trading” and “double down” etc…( actually no day is good for that but with this type of volatility, you can get punished very quickly and pretty hard).
Good Trading!
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.
Futures Trading Levels
2-13-2018
| Contract March 2018 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2728.83 | 6746.17 | 25311 | 1539.97 | 9986.67 |
| Resistance 2 | 2700.17 | 6656.83 | 25023 | 1519.23 | 9453.33 |
| Resistance 1 | 2677.33 | 6592.92 | 24795 | 1505.27 | 9141.67 |
| Pivot | 2648.67 | 6503.58 | 24507 | 1484.53 | 8608.33 |
| Support 1 | 2625.83 | 6439.67 | 24279 | 1470.57 | 8296.67 |
| Support 2 | 2597.17 | 6350.33 | 23991 | 1449.83 | 7763.33 |
| Support 3 | 2574.33 | 6286.42 | 23763 | 1435.87 | 7451.67 |
| Contract | Apr. Gold | Mar. Silver | Mar. Crude Oil | Mar. Bonds | Mar. Euro |
| Resistance 3 | 1344.4 | 16.92 | 62.12 | 146 24/32 | 1.2408 |
| Resistance 2 | 1337.2 | 16.75 | 61.48 | 145 31/32 | 1.2368 |
| Resistance 1 | 1330.7 | 16.62 | 60.39 | 145 5/32 | 1.2343 |
| Pivot | 1323.5 | 16.45 | 59.75 | 144 12/32 | 1.2303 |
| Support 1 | 1317.0 | 16.32 | 58.66 | 143 18/32 | 1.2278 |
| Support 2 | 1309.8 | 16.15 | 58.02 | 142 25/32 | 1.2238 |
| Support 3 | 1303.3 | 16.02 | 56.93 | 141 31/32 | 1.2213 |
| Contract | Mar. Corn | Mar. Wheat | March Beans | Mar. SoyMeal | Mar. Nat Gas |
| Resistance 3 | 370.7 | 478.7 | 1022.92 | 370.07 | 2.67 |
| Resistance 2 | 368.8 | 471.8 | 1013.58 | 364.13 | 2.64 |
| Resistance 1 | 367.9 | 467.9 | 1007.67 | 360.97 | 2.60 |
| Pivot | 366.1 | 461.1 | 998.33 | 355.03 | 2.57 |
| Support 1 | 365.2 | 457.2 | 992.4 | 351.9 | 2.5 |
| Support 2 | 363.3 | 450.3 | 983.08 | 345.93 | 2.50 |
| Support 3 | 362.4 | 446.4 | 977.17 | 342.77 | 2.46 |
Economic Reports, source:
http://app.bettertrader.co
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.
