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Will the Mini S&P 500 See a Meaningful Bounce? | Support and Resistance Levels

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

From a technical perspective, Dec. Mini Sp must hold above 1130.00 to have a chance of a meaningful bounce, a break below that level and we should test 1071.25 which is the equivalent for the Sept. lows of 1077.

Have a great weekend and be ready for a full, volatile trading week coming up.

Dec. mini SP continuous chart for your review below:

GOOD TRADING!

2. SUPPORT AND RESISTANCE LEVELS!

Contract (Sept. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1193.67 2286.92 11639 728.60
Resistance 2 1181.48 2255.08 11470 713.60
Resistance 1 1165.37 2208.67 11192 692.20
Pivot 1153.18 2176.83 11023 677.20
Support 1 1137.07 2130.42 10745 655.80
Support 2 1124.88 2098.58 10576 640.80
Support 3 1108.77 2052.17 10298 619.40

 

Contract Dec. Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1916.5 1.4167 93.15 144
Resistance 2 1894.1 1.4051 91.32 142 25/32
Resistance 1 1876.8 1.3857 89.29 142
Pivot 1854.4 1.3741 87.46 140 25/32
Support 1 1837.1 1.3547 85.43 140
Support 2 1814.7 1.3431 83.60 138 25/32
Support 3 1797.4 1.3237 81.57 138

3. December Mini S&P 500 Continuous Futures chart from September 9th, 2011

December Mini S&P 500 Continuous Futures chart from September 9th, 2011

4. Economic Reports Monday September 12th, 2011

FOMC Member Fisher Speaks
4:00pm USD

Economics Report Source: http://www.forexfactory.com/calendar.php

5. Today’s Highlighted Earnings Releases

SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET)
KR Kroger Co Q2 2011 Kroger Co Earnings Release $ 0.43 n/a $ 0.41 9-Sep BMO
DMF.BE Del Monte Foods Co Q1 2012 Del Monte Foods Co Earnings Release n/a n/a n/a 9-Sep
HURC HurCo Companies Inc Q3 2011 HurCo Companies Inc Earnings Release $ 0.43 n/a -$ 0.18 9-Sep BMO
OPTT Ocean Power Technologies Inc Q1 2012 Ocean Power Technologies Inc Earnings Release -$ 0.36 n/a -$ 0.61 9-Sep BMO
PNY Piedmont Natural Gas Co Inc Q3 2011 Piedmont Natural Gas Co Inc Earnings Release -$ 0.12 n/a -$ 0.13 9-Sep BMO
ACET Aceto Corp Q4 2011 Aceto Corp Earnings Release $ 0.12 n/a $ 0.17
Tags: Posted in: Commodity Trading   | Futures Trading  

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